Normie, a memecoin built on the Ethereum layer 2 network Base, shed $40 million off its market cap after an exploit increased its token supply.

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Normie, a memecoin built on the Ethereum layer 2 network Base, shed $40 million off its market cap after an exploit increased its token supply.

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Base Memecoin Normie Loses $40 Million in Market Cap After Exploit

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https://unchainedcrypto.com/base-memecoin-normie-loses-40-million-in-market-cap-after-exploit/

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Exploiters of Normie memecoin increased the token supply of the memecoin by taking advantage of the Normie smart contract that allowed them to mint extra tokens.

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