Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a “Copy-Paste” Job
Posted on AllSides May 27th, 2024
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Hyped Base meme coin normie (NORMIE) plunged 99% on Sunday after being hit by an exploit that saw attackers manipulate the token’s total supply, completely draining its liquidity pools. Blockchain sleuths said attackers exploited a so-called tax function in the token’s contract to issue more tokens than the intended 1 billion supply. The extra tokens were then traded for ether. In an on-chain message late on Sunday, the attacker offered Normie developers a way to receive 90% of the stolen funds back if they agreed to relaunch the project. “I...