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

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 (MODE_TRANSFER_RESTRICTED) 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.