Slow Fog: Four.meme token was exploited by hackers who took advantage of a vulnerability before the token was released to steal liquidity

According to ChainCatcher news, SlowMist monitored that the Four.meme token was exploited by attackers who took advantage of a vulnerability before the token's release to steal liquidity.

The attackers purchased a small amount of tokens before the release using the 0x7f79f6df function of Four.meme and utilized this feature to send the tokens to a PancakeSwap trading pair address that had not yet been created.

This allowed the attackers to create a trading pair and add liquidity without needing to transfer the unreleased tokens, bypassing the transfer restrictions (MODETRANSFERRESTRICTED) that were in place before the Four.meme token's release.

Ultimately, the attackers added liquidity at an unexpected price, successfully stealing the liquidity from the pool.