Source: ExVulBlockchain security firm CertiK came to a similar conclusion and said the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was created, then manipulated the price at launch to sell them afterward for profit. “In this case of SBL token, for example, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch,” CertiK said. Source: CertiKThe tactic saw the attacker leave with at least 192 BNB (BNB), worth about $120,000, which they sent to the decentralized crypto exchange FixedFloat, according to CertiK. Related: Pump.fun memecoins are dying at record rates, less than 1% surviveIt’s the second time that Four.
MemeWeb3 security firm ExVul said in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack that netted the attacker $120,000. It said the attacker “pre-calculated the address for creating the liquidity pool’s trading pair” and utilized one of the platform’s functions to purchase tokens, which successfully bypassed Four.
It had earlier suspended the function to investigate it, saying it was “under attack.”“The launch function has now been resumed after a thorough security inspection.
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Author / Journalist: Cointelegraph by Stephen Katte
The story "Four.Meme resumes operations after $120K sandwich attack" has 424 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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