According to Foresight News, SlowMist has released details about an attack on Four.Meme. The attacker exploited a vulnerability by creating a pool on PancakeSwap v3, allowing them to front-run transactions. When tokens migrate to PancakeSwap v3, the attacker can increase liquidity based on the unbalanced pool they created. Due to the project team's failure to check pool prices, the attacker was able to manipulate the initial price, depleting the pool's assets.
Previously, Foresight News reported that Four.Meme acknowledged the ongoing malicious attack and stated that the team has intervened to address the issue. To ensure security, token issuance on the decentralized exchange has been temporarily halted. The team plans to reopen it once the necessary fixes are implemented.