Four.Meme (TST) Suspends DEX Trading Amid Ongoing Malicious Attack
Key Points: Four.Meme detected a malicious attack on February 11, 2025. All token issuance activities were suspended as a precaution. Four.Meme experienced a significant security breach targeting its decentralized exchange operations. The BNB Chain team responded by immediately suspending all token issuance activities and DEX transactions. The Timeline of Four.Meme’s Security Breach On February 11, 2025, Four.Meme, a BNB Chain-based platform that allows users to create and launch meme coins, announced that the project is under a malicious attack, and the team has stepped in to resolve it. To ensure security, DEX trading has been temporarily suspended and will resume after the issue is fixed. 🚨 Emergency Announcement 🚨We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue. To ensure security, token LP launched on @PancakeSwap is temporarily suspended, and will be reopened once our development team completes… pic.twitter.com/kll3tI5Pme— Four.Meme (@four_meme_) February 11, 2025 The team, which consists of developers from various BNB frameworks such as BNB Smart Chain, opBNB, and Greenfield, communicated their strategy clearly. Trading on the platform would only resume once all necessary security repairs were completed and confidence in the platform’s safety was restored. Suspensions can last anywhere from a few hours or days for minor violations, to days or even weeks for serious violations. The duration depends on the type and severity of the issue. Impact on BNB Chain Ecosystem and Market Response Before the security breach at Four.Meme, the BNB Chain ecosystem faced notable market turbulence, prominently impacting the TST token. On February 6, TST’s market cap was just $500K. By February 9, after Binance announced its listing, it skyrocketed past $500M, gaining 100x in 3 days. However, it later plunged over 60%, dropping from $0.52 to $0.17 before trading at around $0.2 range as of this writing. The 1-hour chart of TST/USDT on PancakeSwap (BSC). Source: CoinMarketCapThe hype started when BNB Chain released a Four.meme tutorial video, using TST as an example. Chinese KOLs picked up on it, driving speculation. Once the buzz grew, BNB Chain deleted the creator’s address key (0.13% supply) and denied holding TST. CZ also clarified that Binance had no involvement, but the token kept surging. 😂 A tricky situation. A BNB Chain team member just told me this:"We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.When we posted the education video yesterday,… https://t.co/lD77CaQDCj— CZ 🔶 BNB (@cz_binance) February 6, 2025 After its Binance listing, TST crashed, following the usual “Binance listing dump” pattern. Another meme coin, CHEEMS, listed at the same time, also dropped from $0.0018 to $0.0007. As whales took profits, the crypto community questioned Binance’s listing process and the BNB Chain ecosystem’s strength once again. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.