The team behind the Normie cryptocurrency (NORMIE) is negotiating with a hacker to return 90% of the stolen funds due to a smart contract vulnerability, which led to a $41.7 million drop in capitalization. 😱

Analytics firm Lookonchain was one of the first to notice the hacker's exploitation and proposal on May 26th.

Normie accepted the hacker's offer to return 90% of the stolen tokens, despite the price falling by 96% since exploitation.

The hacker insists on restarting the token until the funds are returned.

The administrator of the official NORMIE Telegram group cannot confirm when token holders will be able to return their stolen funds.

The price of NORMIE began to fall at 3:55 UTC on May 26 and fell more than 92% to $0.0032 in one hour.

The market cap bottomed out at $200,000 after falling from $41.9 million, but has since recovered slightly.

Source: Base Explorer, Quick Intel.