An unfortunate trader lost over $1 million after a Normie memecoin smart contract exploit. The initial $1.16M investment dropped over 99% to just $150, highlighting the risks in the volatile memecoin market.
The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.
“He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.”Normie is a Base-native memecoin that suffered a smart contract exploit that wiped over $41.7 million from the token's market capitalization in just three hours. Lookonchain was the first to flag the exploit in a May 26 X post.
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
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Normie memecoin team mulls hacker demands after token falls 99%The team behind Base memecoin Normie could receive 90% of the stolen funds back from its hacker, should they follow their strict instructions.
Read more »
New Viral Memecoin in Solana Network Stooges Launches $STOG PresaleCrypto Blog
Read more »
The Power of Community in Memecoin SuccessExplore the crucial role of community and marketing in the success of memecoins, focusing on key characteristics that define vibrant memecoin communities.
Read more »
Stooges: New Viral Memecoin On Solana Launches $STOG PresaleFollowing the announcement, the Stooges' team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X, a
Read more »
Solana memecoin hits a whopping $328T market cap — but for all the wrong reasonsBONKKILLER, a Solana-based token and honeypot scam, saw its market cap surpass a not-so-real market cap of $328 trillion.
Read more »
Penguiana Announces Memecoin Token Presale for $PENGU, Scheduled Friday, May 4, 2024Crypto Blog
Read more »