Incident Overview
According to community feedback, the Base ecosystem's meme coin NORMIE has been attacked. The attacker exploited a design flaw in the NORMIE token's cross-chain bridge, manipulating the price on the Base Chain using flash loans. Since transactions with NORMIE on the Base Chain incur taxes, these taxes are automatically directed to a wallet controlled by the project team. The attacker injected a large amount of funds into this wallet via flash loans, significantly diluting the token's supply and causing a flash crash in the price.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.