Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Hyped Base meme coin normie plunged 99% on Sunday after being hit by an exploit that saw attackers manipulate the token’s total supply, completely draining its liquidity pools.
“I offer to return 90% of the exploited ETH, keeping 10% as a bug bounty (with no reprisals,” the on-chain message reads. “One condition: it, and the 600 ETH in the dev wallet, are used to fairly launch a new token that is used to reimburse NORMIE holders.” “This exact code is present in a number of other token contracts, a few of which significantly pre-date Normie. Most meme tokens are simply copy-paste jobs from the same small set of contracts, all with over-complicated tax logic in the transfer function,” the attacker said.
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