🪔💥On May 26, Base Ecosystem Meme Coin NORMIE suffered a drastic 87.6% price plunge following a flash loan attack, as reported by Block Beats and confirmed by Coin Gecko data. The attacker exploited the token contract's remaining 0.63% supply by disabling the tax, leading to automatic dumping of tokens exceeding 1% when the tax reached 1%. 💩This exploit, executed in a single transaction, resulted in a significant token dump. Subsequently, the attacker acquired a substantial amount of tokens at zero cost within the same block, generating substantial profits. Interestingly, the project also benefitted from the tax dump,🌞💅🎇💗 accumulating sufficient funds to repurchase tokens.
