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Normie Crypto Crashes Nearly 100% After Major Exploit

1 min read
Source: AMBCrypto News
Normie Crypto Crashes Nearly 100% After Major Exploit
Photo: AMBCrypto News
TL;DR

Normie crypto experienced a 90% decline in value due to a flash loan attack that exploited a loophole in its contract tax mechanism. The hacker demanded a 10% bug bounty and proposed using 600 ETH from the dev wallet to launch a new token for reimbursing holders. The developers agreed to the terms, and the incident highlighted vulnerabilities in many memecoins.

Topics:businesscryptocurrency#crypto-hack#cryptocurrency#flash-loan-attack#market-crash#normie#token-relaunch
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  1. Normie crypto plummets 90%: What happened and what's next?  AMBCrypto News
  2. Memecoin trader loses over $1M following Normie exploit  Cointelegraph
  3. Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker Bounty – News Bytes Bitcoin News  Bitcoin.com News
  4. Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a 'Copy-Paste' Job  CoinDesk
  5. Normie plummets 99.8% after exploit, Trump meme coin surges  crypto.news

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