Base Memecoin Normie Loses $40 Million in Market Cap After Exploit
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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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According to analysis from pseudonymous crypto trader and developer “@ProfoundWatcher” on X, the exploiter took advantage of a flaw in the Normie smart contract, which allowed them to mint extra tokens.
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