Basememecoin
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#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.
#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.
This #Basememecoin to $1Billion!!!
If you follow @fomoguru on Twitter, you will have seen our post on $MIGGLES yesterday. It was at $16 million market cap on our first post and now at $60 million.
$MIGGLES has already been listed on:
#LBANK
#bitmart
#MEXC
…and several more are rushing for a listing.
It’s only a matter of time before #Binance list this token!!!
Keep your eyes on this one!!!
If you follow @fomoguru on Twitter, you will have seen our post on $MIGGLES yesterday. It was at $16 million market cap on our first post and now at $60 million.
$MIGGLES has already been listed on:
#LBANK
#bitmart
#MEXC
…and several more are rushing for a listing.
It’s only a matter of time before #Binance list this token!!!
Keep your eyes on this one!!!