On May 26, the price of the Base ecological Meme coin NORMIE fell by 87.6% due to a lightning loan attack.
It is reported that the attackers took advantage of the design flaw of the NORMIE token cross-chain bridge to manipulate the price on the Base Chain through lightning loans. Since NORMIE transactions on the Base Chain are taxed, the tax will automatically go to the wallet controlled by the project party. The attackers injected a large amount of money into the wallet through lightning loans, thereby greatly diluting the token supply and causing the price to flash.
Base Ecological Meme Coin NORMIE or Lightning Loan Attack
2024-05-26 05:51:21
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