The value of the Normie (NORMIE) token sunk by 99% within three hours after it was victim to a smart contract exploit, which temporarily dropped its market cap from $42 million to $200,000.
Following the exploit, the developers of the Base meme coin are in discussions with the individual responsible for the incident to reclaim 90% of the stolen funds.
The Hacker’s Offer
Blockchain analytics firm Lookonchain was the first to detect the exploit and the hacker’s offer.
The $NORMIE exploiter sent a message to Normie Deployer.
The condition for returning 90% of the exploited ETH is that it and the 600 $ETH in the developer’s wallet are used to fairly launch a new token to reimburse $NORMIE holders.https://t.co/vmrXdgFMa2 pic.twitter.com/L7UkVbxZOe
— Lookonchain (@lookonchain) May 26, 2024
In an on-chain message to Normie’s deployer address on May 26, the hacker offered to return 90% of the stolen NORMIE tokens, stipulating that the remaining 10% be kept as a bug bounty with no re
We współpracy z: https://cryptopotato.com/normie-token-plummets-99-after-smart-contract-exploit/
