Memecoin trader loses over $1M following Normie exploit
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The hacker has demanded that the token launch must occur before they return the stolen funds, as stated in a blockchain message from the exploiter seen by Lookonchain.
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Normie’s value fell over 96% following the exploit, as its market cap bottomed out around the $200,000 mark before starting a small recovery, according to CoinGecko data.
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Over 72,000 Normie holders were impacted by the smart contract exploit, that was first detected in March, according to a May 26 X post by on-chain analytics firm Quick Intel.
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