Yesterday the memecoin Normie, often previously labeled as a “blue chip” of the Base ecosystem, collapsed by 99% due to an exploit in the token contract.
The hacker was able to mint infinite tokens and dump them on the market in the face of Normie holders, who found themselves with their wallets deep in the red within minutes.
Now the funds could be partially returned by the delinquent, provided that the project developers use 600 ETH out of their own pocket to create a new token and reimburse the scottati users.
Let’s see everything in detail below.
Exploit on Base: the Normie token plummets to -99% and loses 40 million in market cap
What happened yesterday at 12:00 am (UTC+2) is a tragedy for the holders of the memecoin Normie, developed within the much-loved blockchain of Base: the cryptocurrency collapsed by 99% in just a few minutes following a serious exploit.
According to what was reported by the community on X, the hacker allegedly targeted the token contract
We współpracy z: https://en.cryptonomist.ch/2024/05/27/base-memecoin-normie-loses-99-after-an-exploit-the-devs-ready-to-launch-a-new-token/
