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Normie’s token plunged 99% in a few hours after a smart contract exploit.
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The token market cap declined from $42 Million to $200K.
Another day Another scam in the crypto verse. A flash loan attack against the meme cryptocurrency “Normie” caused its market value to crash from $40 Million to less than $200k.
The on-chain analytics firm Lookonchain was the first to find the exploit and hackers also offered a deal to return 90% of the tokens in an on-chain message to Normie’s deployer address on May 26.
Since $NORMIE was exploited, the 11.23M $NORMIE that this trader spent $1.16M to buy is now worth less than $150.
He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.https://t.co/za6YaldkoZ pic.twitter.com/6lJRJsU2mq
— Lookonchain (@lookonchain) May 26, 2024
The attack involved manipulating the token supply and exploiting a loophole in the contract’s tax mechanism.
We współpracy z: https://www.thecoinrepublic.com/2024/05/27/normie-meme-coin-token-falls-99-amidst-hacking-activity/
