The team behind memecoin Normie is in negotiations with the hacker that exploited the memcoin’s smart contract, in order to recover stolen funds.

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The team behind memecoin Normie is in negotiations with the hacker that exploited the memcoin’s smart contract, in order to recover stolen funds.

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Date

05

Month

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27

Day

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2024

Year

12

:

00

am

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Normie later reportedly accepted the hacker’s offer to get 90% of the stolen NORMIE tokens back — though the price has already fallen 96% since the exploit — on the condition Normie uses the stolen funds and the $2.3 million in the team’s dev wallet to launch a new token to reimburse NORMIE holders.

The team behind Base memecoin Normie (NORMIE) says it is negotiating with its hacker to return 90% of funds stolen due to a smart contract vulnerability — leading to a $41.7 million plunge in the token’s market cap in less than three hours.

Related entities

Memecoin 'Normie' hacked on Ethereum's Layer 2 'Base' Blockchain

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