NORMIE attacker: The Normie contract code is a “copy and paste” job and was likely not reviewed by developers before going live
Memecoin NORMIE attackers claimed that Normie's contract code was a "copy and paste" job and may not have undergone thorough review by developers before going live. On Sunday, NORMIE plummeted 99% due to attackers manipulating the token's total supply, completely depleting the token pool's liquidity. Blockchain detectives said that the attackers used the so-called tax function in the token contract to issue more tokens than the originally planned 1 billion supply. The excess tokens were then used to trade Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Discover Qubetics Ahead of the Upcoming Presale with AI-Driven Smart Contracts and User-Friendly QubeQode IDE
Toncoin (TON) Traders Eye Bearish Shift: 2 Signs of a Price Drop to Watch Out For
VeChain’s Path to $2: Analyst Suggests October Might Be the Breakout Month for VET
BlackRock Recommends 84.9% Bitcoin in Portfolios for Higher Potential Growth