🚨 Meme coin NORMIE Exploit Results in Massive Losses
🌪 A devastating exploit has struck the #memecoin🚀🚀🚀 NORMIE, causing a staggering 99% drop in its value. A trader who invested $1.16 million in $NORMIE tokens is now left with holdings worth 🙀 less than $150. The broader meme coin sector has been booming, but this incident is a harsh reminder of the risks involved.
📉 The #marketcap of NORMIE plummeted from $182 million to just $110k within minutes due to a flash loan exploit. The NORMIE team is now negotiating with the hacker to recover 90% of the stolen funds. They've agreed to the hacker’s terms, which include using the returned funds and $2.3 million from their development wallet to launch a new token to compensate affected holders.🧐
😈 The hacker has also demanded no reprisals and insists that the token relaunch must occur before returning the funds. The Normie team plans to proceed with the relaunch once their main #Twitter account is restored and they secure the funds from the exploiter.
