BNB Chain Hit by a Security Breach – Another Blow to Trust
$BNB Chain’s Four.Meme platform suffered a $183K exploit, affecting memecoin liquidity pools. The platform temporarily halted the creation of new liquidity pools to address the breach. Four.Meme assured users that internal funds remain safe, but investor confidence has taken a hit. Despite crypto hacks decreasing 44% YoY in January 2025, over $73M was still stolen last month. In 2024, hackers stole $2.3B across 165 incidents, a 40% increase from 2023. DeFi remains a prime target for exploits, with liquidity pools and smart contracts often vulnerable. The BNB Chain ecosystem continues expanding despite these challenges, with network adoption at an all-time high.