Normie Token Plunges 99% After Exploit, Attacker Offers to Return Funds for Relaunch
The meme coin NORMIE experienced a 99% drop in value after an exploit allowed attackers to manipulate the token's total supply and drain its liquidity pools. The attackers used a tax function in the token's contract to issue more tokens than the intended 1 billion supply, which were then traded for ether. The attacker offered to return 90% of the stolen funds if the developers agreed to relaunch the project and use the 600 ETH in the dev wallet to reimburse NORMIE holders. One investor reportedly lost $1.6 million in investment, with their 11.23M NORMIE tokens now worth less than $150.
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