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Binance’s memecoin platform, Four Meme, has suffered a malicious attack that’s reportedly led to losses of more than $180,000 worth of Binance Coin (BNB). Four Meme shared an “Emergency Announcement” today that said, “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.” 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 Read more: Whitehat hacker rescues $1.5M from first DeFi hack of 2025 According...

Crypto sleuth ZachXBT has told the US law firm planning legal action against memecoin platform Pump Fun that its clients are “degenerate gamblers” and shouldn’t be seen as victims or investors. The comment was made via X in response to Burwick Law’s announcement on Wednesday that it was pursuing legal action on behalf of Pump Fun investors who have lost big to “memecoins, rugs, and unfulfilled promises.” ZachXBT said, “ degenerate gamblers willingly choosing to gamble on micro-cap meme coins are not actual victims or investors ” Burwick duly responded, claiming that memecoins are open to manipulation and aren’t comparable to regulated gambling. ZachXBT added if “silly lawsuits” arise, “perhaps I need to release a tutorial for people to fund addresses anonymously on-chain to cause chaos and make it harder for them to be sued .” This is a great point. Scratch-offs are regulated gambling, with clearly defined odds and no method for second...