Binance’s memecoin platform, 4 Meme, has suffered a malicious assault that’s reportedly led to losses of greater than $180,000 value of Binance Coin (BNB).

4 Meme shared an “Emergency Announcement” at this time that mentioned, “We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue.” 

It added, “To ensure security, token LP launched on @PancakeSwap is temporarily suspended, and will be reopened once our development team completes the fix, on-chain trading is operating normally.”

Learn extra: Whitehat hacker rescues $1.5M from first DeFi hack of 2025

In accordance with crypto safety agency PeckShield, the incident resulted in BNB losses of roughly $183,000.

4 Meme is Binance’s reply to Pump Enjoyable, a memecoin platform launched in July final yr that claimed to have a “fair” system of launching that didn’t embody “pre-sale, seed round, or team allocation.” 

Information recorded by Chainalysis reveals that losses from hacking crypto platforms reached $2.2 billion final yr, a 21% improve from the yr earlier than. 

One of many first main hacks of this yr noticed $2.5 million faraway from decentralized finance choices platform Moby, on Arbitrum community. Fortuitously, $1.5 million in USDC from this incident was recovered by a whitehat hacker who was capable of hack the hacker. 

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