Normie Coin Faces Significant Losses Due to Tax Function Exploitation

Monday, 27 May 2024, 07:33

Normie Coin suffered a massive 99% drop as attackers took advantage of a tax contract flaw, depleting liquidity pools. The exploit involved the unauthorized generation of new tokens, leading to severe financial repercussions for investors of the meme coin.
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Normie Coin Faces Significant Losses Due to Tax Function Exploitation

Normie Coin Exploitation Incident

Attackers exploited a tax function in the token’s code that allowed them to issue more tokens illegally.

Consequences of the Exploit

  • Significant Losses: The incident resulted in a dramatic 99% drop in the value of Normie Coin.
  • Liquidity Drain: Attackers completely drained the liquidity pools associated with the coin.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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