Four.Meme, a platform on the BNB Chain that lets you create and launch your own memecoins, just got hit by a malicious attack. Not so funny, huh.
Who’s laughing now?
After the breach, all decentralized exchange trading has been put on hold, and the BNB Chain team jumped into action, immediately stopping all token issuance and trading activities to try and contain the damage.
So, what exactly happened? On February 11, 2025, Four.Meme announced that they were under attack and that the team was working to fix it.
They promised that trading would only resume once they were sure the platform was safe and secure again. How long will that take?
Suspensions can be a matter of hours, days, or even weeks, depending on the severity of the problem, so in time of writing, we don’t know when it will end.
Once there was a TST token
Before the hack, the BNB Chain ecosystem was already dealing with some serious turbulence, especially when it came to the TST token.
On February 6th, TST had a market cap of just $500K, then, Binance announced it was listing TST, and the price went absolutely bonkers, skyrocketing to over $500 million in just three days, with a 100x gain.
But, as often happens with memecoins, the party didn’t last, and TST plunged over 60%, dropping from $0.52 to around $0.17 before leveling out around $0.2.
The hype started when BNB Chain used TST as an example in a Four.meme tutorial video, because Chinese crypto influencers picked up on it, fueling the speculation.
Once things got crazy, BNB Chain deleted the creator’s address key and denied holding any TST. Binance CEO CZ even clarified that Binance wasn’t involved. Still, the token kept surging.
The Binance curse?
After the Binance listing, TST crashed, following the classic Binance listing dump pattern. Another memecoin, CHEEMS, listed at the same time, also tanked.
As the big investors took their profits, the crypto community started questioning Binance’s listing process and the overall strength of the BNB Chain ecosystem.
