NORMIE MEMECOIN TEAM NEGOTIATES WITH HACKER FOR RETURN OF 90% OF STOLEN FUNDS..

The team behind Base memecoin Normie (NORMIE) is negotiating with its hacker to return 90% of stolen funds after a smart contract vulnerability led to a massive exploit.

🟥NORMIE's token value dropped by 99% as a result of the May 26 attack.

🟥The hacker exploited a vulnerability in the token’s tax function, manipulating Normie’s total supply and draining its liquidity pools. 

🟥Within hours, Normie’s market capitalization plummeted from $42 million to $100,000, currently at $1773.

🟥The incident shocked the Normie community, with many token holders reporting significant losses. One investor saw his $1.6 million investment reduced to just $150.

🟥On Sunday, the hacker offered to return 90% of the stolen funds if Normie developers agreed to relaunch the project. The hacker would keep 10% as a bug bounty.

🟥The hacker criticized Normie’s contract code as a “copy-paste” job, suggesting it was not thoroughly reviewed before launch. The hacker noted that similar code exists in other token contracts with over-complicated tax logic.

🟥According to the hacker, the returned funds, along with 600 ETH from the developer wallet, should be used to fairly launch a new token to reimburse NORMIE holders.

🟥Normie developers accepted the bounty offer. Messages on the project’s official Telegram group confirmed the acceptance.