Normie coin recently suffered a serious flash loan attack, causing its price to drop sharply in a short period of time. According to the information I found, the attacker took advantage of the design flaws in the Normie coin smart contract, especially the loopholes in the cross-chain bridge, and manipulated the price on the Base Chain through flash loans.

Since Normie transactions on the Base Chain are taxed, the tax automatically goes to the wallet controlled by the project. The attacker took advantage of this and injected a large amount of funds into the wallet through flash loans, which greatly diluted the token supply and caused the price to plummet.

This incident really highlights the security challenges in the DeFi field, especially in the security of smart contracts and defense against flash loan attacks. This reminds the DeFi community and project developers that more rigorous security audits of smart contracts are needed, as well as stronger protection mechanisms to prevent such attacks.

The complexity and execution speed of flash loan attacks make them difficult to defend, but the security of the entire ecosystem can be improved through continuous technical improvements and community vigilance.