Four.Meme, a memecoin launch platform on BNB Chain, has resumed its activities post a $120,000 exploit. The platform had temporarily paused operations for a security review due to a sandwich attack, a method of market manipulation.

The attack involved strategic pre-calculation of liquidity pool addresses and buying tokens, bypassing the platform's restrictions. Security measures have since been enhanced, and affected users are being compensated.

ExVul and CertiK, blockchain security firms, detailed the attack's mechanics, confirming the manipulation and profit via un-launched tokens before the official pair creation and subsequent liquidity addition.

Four.Meme experienced a previous attack in February, losing $183,000. Across the crypto sector, February witnessed $1.53 billion in scams and hacks, hinting at a rise in AI-driven crypto crime.