#Write2earn NORMIE Token Plunges 99% After Exploit: Recovery Efforts Underway
#NORMIE #CryptoHack #Basememecoin #BASE

The highly awaited NORMIE token faced a catastrophic collapse, plunging 99% on Sunday due to an exploit. Attackers manipulated the token's supply, draining its liquidity pools.

Exploit Fallout:

Blockchain analysts identified the attack, which saw the token's supply inflated beyond its intended limit of 1 billion. These extra tokens were swiftly converted to ether, compounding the damage.

Unexpected Offer:

In a twist, the attacker proposed returning 90% of the stolen funds for a project relaunch. The condition: the remaining funds would serve as a bug bounty. Developers, reeling from the loss, accepted this unconventional offer.

Attacker's Critique:

The attacker criticized NORMIE's contract code as rushed and lacking thorough review. They hinted at widespread flaws in similar token contracts, suggesting developers may have overlooked critical issues.

Pre-Exploit Glory:

Before the exploit, NORMIE boasted a $40 million market cap and nearly 90,000 holders, drawing inspiration from the popular Pepe the Frog character.

Post-Exploit Fallout:

NORMIE's market cap nosedived to $700, leaving investors with staggering losses. One investor saw their $1.6 million investment dwindle to a mere $150, highlighting the severity of the attack.

Awaiting Redemption:

With trading suspended, stakeholders anxiously await updates on NORMIE's future as investigations continue and developers strive to relaunch the project.