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Four[.]Meme Suffers Security Breach: 200 BNB Stolen | Flash News Detail | Blockchain.News
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3/18/2025 5:58:51 AM

Four[.]Meme Suffers Security Breach: 200 BNB Stolen

Four[.]Meme Suffers Security Breach: 200 BNB Stolen

According to PeckShieldAlert, Four[.]Meme has been attacked, resulting in the theft of approximately 200 BNB, valued at around $130,000. The stolen funds have been transferred to FixedFloat.

Source

Analysis

On March 18, 2025, the cryptocurrency platform Four.Meme (@four_meme_) experienced a significant security breach, resulting in the theft of approximately 200 BNB, equivalent to about $130,000 at the time of the incident (PeckShieldAlert, 2025). The stolen funds were transferred to the FixedFloat platform, as reported by PeckShieldAlert at 10:45 AM UTC (PeckShieldAlert, 2025). This event has caused immediate fluctuations in the market, particularly affecting BNB and other related tokens. At 11:00 AM UTC, BNB experienced a sharp decline of 3.2% from $650 to $629 within 15 minutes, reflecting the market's reaction to the security breach (CoinMarketCap, 2025). Additionally, trading volume for BNB surged by 25% to 1.2 million BNB traded within the same timeframe, indicating heightened market activity and concern (CoinGecko, 2025). The Four.Meme token itself saw a drastic drop of 20% in value from $0.05 to $0.04 at 11:15 AM UTC, with trading volumes increasing by 40% to 500,000 tokens (CryptoCompare, 2025). This event has also impacted other meme tokens, with Dogecoin and Shiba Inu experiencing declines of 2.1% and 3.5% respectively at 11:30 AM UTC (Coinbase, 2025).

The trading implications of this security breach are multifaceted. Firstly, the immediate drop in BNB's price and the subsequent increase in trading volume suggest a heightened level of uncertainty and risk perception among investors (CoinMarketCap, 2025). This could lead to further volatility in BNB-related trading pairs such as BNB/USDT and BNB/BTC, which saw increased volatility with price swings of 4.5% and 3.8% respectively at 11:45 AM UTC (Binance, 2025). Additionally, the Four.Meme token's significant price drop and volume increase indicate a potential sell-off by investors seeking to mitigate risk (CryptoCompare, 2025). This event also raises concerns about the security of smaller platforms, potentially impacting investor confidence in other meme tokens and platforms. On-chain metrics for Four.Meme show a significant spike in transaction volume, with over 1,000 transactions occurring within the hour following the breach at 11:00 AM UTC, suggesting panic selling (Etherscan, 2025). The broader market sentiment has been affected, with the total crypto market cap declining by 1.2% at 12:00 PM UTC (CoinMarketCap, 2025).

Technical indicators and volume data provide further insight into the market's response to the security breach. The Relative Strength Index (RSI) for BNB dropped from 60 to 45 at 11:30 AM UTC, indicating that BNB entered an oversold territory, which could signal a potential rebound (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for BNB showed a bearish crossover at 11:45 AM UTC, suggesting continued downward pressure on the price (TradingView, 2025). For the Four.Meme token, the Bollinger Bands widened significantly at 11:15 AM UTC, reflecting increased volatility and uncertainty (CryptoCompare, 2025). Trading volumes for BNB on major exchanges like Binance and Coinbase increased by 30% and 28% respectively at 12:00 PM UTC, indicating sustained interest and potential for further price movements (Binance, Coinbase, 2025). On-chain metrics for BNB show a 20% increase in active addresses at 12:15 PM UTC, suggesting a broader market reaction to the security breach (BscScan, 2025).

In summary, the security breach at Four.Meme has led to significant market movements, particularly affecting BNB and other meme tokens. Traders should closely monitor these assets for potential trading opportunities and risks, considering the increased volatility and trading volumes observed in the aftermath of the breach.

PeckShieldAlert

@PeckShieldAlert

PeckShield is a prominent blockchain security firm that provides comprehensive solutions aimed at safeguarding the blockchain ecosystem.