{"id":8802,"date":"2024-05-27T17:08:18","date_gmt":"2024-05-27T17:08:18","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=8802"},"modified":"2024-05-27T17:08:20","modified_gmt":"2024-05-27T17:08:20","slug":"memecoin-trader-loses-over-1m-following-normie-exploit","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/","title":{"rendered":"Memecoin Trader Loses Over $1M Following Normie Exploit"},"content":{"rendered":"\n

An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested $1.16 million to purchase 11.23 million Normie (NORMIE) tokens, but the value of his investment plummeted by over 99%, leaving him with just $150. According to a May 26 post by Lookonchain on X (formerly Twitter):<\/p>\n\n\n\n

\u201cHe 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.\u201d<\/p>\n\n\n\n

Details of the Normie Exploit<\/h3>\n\n\n\n

Normie, a Base-native memecoin, suffered a devastating smart contract exploit that wiped out over $41.7 million from its market capitalization in just three hours. The value of Normie dropped by over 96%, with its market cap hitting a low of around $200,000 before starting a slight recovery, according to CoinGecko data.<\/p>\n\n\n\n

Lookonchain was the first to flag the exploit in their May 26 post, which highlighted the significant impact on the memecoin’s value and market cap.<\/p>\n\n\n\n

Recovery Efforts and Hacker Negotiations<\/h3>\n\n\n\n

On May 27, the Normie team reportedly agreed to an offer from the hacker to return 90% of the stolen NORMIE tokens. This agreement requires Normie to use the returned funds, along with $2.3 million from the team’s development wallet, to launch a new token to reimburse NORMIE holders. The hacker’s demand was conveyed in a blockchain message, stating:<\/p>\n\n\n\n

\u201cThe dev wallet made significantly more than I did during this exploit, and I have no other way to ensure that those funds are used appropriately.\u201d<\/p>\n\n\n\n

The hacker insisted that the new token launch must occur before they return the stolen funds.<\/p>\n\n\n\n

Also Read: North Korean Hackers Target Crypto Firms with \u2018Durian\u2019 Malware<\/a><\/p>\n\n\n\n

Impact on the Normie Community<\/h3>\n\n\n\n

Following the hacker’s offer, social media platform X was inundated with fake Normie posts falsely claiming to announce the relaunch of the new token. These fraudulent posts aimed to deceive people into clicking on malicious links.<\/p>\n\n\n\n

The exploit has affected over 72,000 Normie holders, causing significant financial losses. The smart contract vulnerability was initially detected in March, according to a May 26 post by on-chain analytics firm Quick Intel.<\/p>\n","protected":false},"excerpt":{"rendered":"

An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested $1.16 million to purchase 11.23 million Normie (NORMIE) tokens, but the value of his investment plummeted by over 99%, leaving him with just $150. According to a May 26 post […]<\/p>\n","protected":false},"author":18,"featured_media":8803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-8802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"\nMemecoin Trader Loses Over $1M Following Normie Exploit<\/title>\n<meta name=\"description\" content=\"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Memecoin Trader Loses Over $1M Following Normie Exploit\" \/>\n<meta property=\"og:description\" content=\"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-27T17:08:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-27T17:08:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Manjeet Mane\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manjeet Mane\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\"},\"author\":{\"name\":\"Manjeet Mane\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/294f2836271d1655ea8e2e5619466eb8\"},\"headline\":\"Memecoin Trader Loses Over $1M Following Normie Exploit\",\"datePublished\":\"2024-05-27T17:08:18+00:00\",\"dateModified\":\"2024-05-27T17:08:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\"},\"wordCount\":351,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp\",\"articleSection\":[\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\",\"name\":\"Memecoin Trader Loses Over $1M Following Normie Exploit\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp\",\"datePublished\":\"2024-05-27T17:08:18+00:00\",\"dateModified\":\"2024-05-27T17:08:20+00:00\",\"description\":\"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp\",\"width\":800,\"height\":450,\"caption\":\"Normie memecoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Memecoin Trader Loses Over $1M Following Normie Exploit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/294f2836271d1655ea8e2e5619466eb8\",\"name\":\"Manjeet Mane\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g\",\"caption\":\"Manjeet Mane\"},\"description\":\"Manjeet Mane, an accomplished developer in cryptocurrency and blockchain technology, has devoted years to advancing these fields. With a firm belief in their transformative power across industries, he specializes in full-stack development.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/manjit\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Memecoin Trader Loses Over $1M Following Normie Exploit","description":"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/","og_locale":"en_US","og_type":"article","og_title":"Memecoin Trader Loses Over $1M Following Normie Exploit","og_description":"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested","og_url":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-05-27T17:08:18+00:00","article_modified_time":"2024-05-27T17:08:20+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","type":"image\/webp"}],"author":"Manjeet Mane","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Manjeet Mane","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/"},"author":{"name":"Manjeet Mane","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/294f2836271d1655ea8e2e5619466eb8"},"headline":"Memecoin Trader Loses Over $1M Following Normie Exploit","datePublished":"2024-05-27T17:08:18+00:00","dateModified":"2024-05-27T17:08:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/"},"wordCount":351,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","articleSection":["General News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/","url":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/","name":"Memecoin Trader Loses Over $1M Following Normie Exploit","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","datePublished":"2024-05-27T17:08:18+00:00","dateModified":"2024-05-27T17:08:20+00:00","description":"An unfortunate trader has lost over $1 million in digital assets due to a smart contract exploit affecting the Normie memecoin. The trader had invested","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","width":800,"height":450,"caption":"Normie memecoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/memecoin-trader-loses-over-1m-following-normie-exploit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Memecoin Trader Loses Over $1M Following Normie Exploit"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/294f2836271d1655ea8e2e5619466eb8","name":"Manjeet Mane","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/496227b2ca2c6045749260e74082028192b686959152b44fa23f9c0751c7781a?s=96&d=retro&r=g","caption":"Manjeet Mane"},"description":"Manjeet Mane, an accomplished developer in cryptocurrency and blockchain technology, has devoted years to advancing these fields. With a firm belief in their transformative power across industries, he specializes in full-stack development.","url":"https:\/\/www.cryptometer.io\/news\/author\/manjit\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/05\/Normie-memecoin.webp","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/8802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=8802"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/8802\/revisions"}],"predecessor-version":[{"id":8815,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/8802\/revisions\/8815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/8803"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=8802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=8802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=8802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}