The Memecoin starting platform based on the BNB Four.Meme network resumed operations after hitting the sandwich attack, which used it for around 120,000 USD.
Four.Meme he said In the post of March 18 x, the launch function returned after checking and solving the safety problem. Earlier he suspended the function to examine it, saying that he was “attacked”.
“The launch function has now been resumed after a thorough security control.
Source: Four.Meme
Web3 security company Exvul he said In a post of 18 March, Exploit seemed to be a market manipulation technique known as a sandwich attack, which earned the attacker 120,000 USD.
It was found that the attacker “initially calculated the address of creating a trading pair of liquidity pool” and used one of the platform functions to buy tokens that successfully bypassed the limitations of the transfer of four tokens.
“Then the hacker waits four.
Source: Exvul
Blockchain Security Certical has come to a similar conclusion and he said The attacker transferred the unbalanced number of unchanged tokens to a few addresses before the creation of a couple, and then manipulated the price during the premiere to sell them later for profit.
“For example, in this case the SBL token, the attacker sent some SBL token to the initially calculated steam address, and then gained 21.1 bnb through a liquidity transaction sandwich when starting,” Certik said.
Source: Certificate
In this tactic, the attacker left at least 192 BNB (BNB), worth about USD 120,000, which they sent to decentralized cryptographic exchange, according to Certik.
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Four for the second time. Meme was attacked during so many months, and Exploit of February 11 caused the loss of digital assets worth about USD 183,000.
In a broader cryptographic industry, $ 1.53 billion was observed in February, losses for fraud, exploits and hacks, and hacks Hack worth $ 1.4 billion settles Lion.
Blockchain Analytics CHAINALYSIS claims that last year $ 51 billion was observed, partly due to a cryptographic crime entering into a professionalized era dominated by AI fraud, laundry Stablecoin and productive cyber syndicals.
Warehouse: Memecoins will die and the def will escalate again – Sasha Ivanov
