Normie Coin, a popular meme coin on BASE, has suffered a major exploit that has caused a staggering loss in value. The price has tumbled by 99%, leaving its community rattled.
The exploit, discovered and discussed on X by Profound Watcher, highlighted vulnerabilities to the token’s smart contract.
Normie Coin Exploited
The attack led to the meme coin’s value falling off a cliff, losing 99.80% of its value. The suddenness of the drop in value has raised eyebrows in some corners of the market. According to the available information, the exploiters used a flash loan attack to manipulate the token pool, allowing them to borrow a large sum of crypto without providing any collateral, provided the loan is repaid within the same transaction. These types of loans are used for arbitrage opportunities but are, more often than not, used for malicious purposes. In the case of the Normie token, the market cap of the token plummeted from $40 million to $200,000. The hack was al
We współpracy z: https://cryptodaily.co.uk/2024/05/normie-coin-suffers-major-exploit-price-slumps-99
