All articles tagged with #normie
Normie crypto experienced a 90% decline in value due to a flash loan attack that exploited a loophole in its contract tax mechanism. The hacker demanded a 10% bug bounty and proposed using 600 ETH from the dev wallet to launch a new token for reimbursing holders. The developers agreed to the terms, and the incident highlighted vulnerabilities in many memecoins.
The meme coin Normie (NORMIE) plummeted 99% after attackers exploited a tax function in its contract, manipulating the token's supply and draining its liquidity pools. The attacker offered to return 90% of the stolen funds if the developers agreed to relaunch the project, which they accepted. The attacker criticized the contract code as a "copy-paste" job, highlighting the lack of thorough review. The exploit caused significant losses for investors, with one losing $1.6 million. Normie's market cap dropped from over $40 million to just $700.