Normie’s Response to Controversial Video
Normie, a memecoin project on Coinbase’s Base blockchain, faced backlash after posting an offensive video on X and took swift action in response.
- The video depicted a cartoon chef with exaggerated features, sparking criticism.
- Normie clarified that the video intended a positive message but unintentionally offended.
- After internal reflection, Normie removed the video and issued an apology.
Community Reaction to Normie’s Apology
Following Normie’s apology, the community reacted strongly, questioning the handling of the situation.
- One user challenged the decision to blame the intern for the video.
- Community members urged accountability for those who approved the content.
Normie’s Market Plunge Due to Flash Loan Attack
NORMIE, once valued at $130 million, suffered a massive drop after a flash loan attack on the Base blockchain.
- The attack exploited a flaw in Normie’s contract tax mechanism.
- The hacker manipulated the token supply, causing a significant price crash.
- Despite returning 90% of the stolen funds, NORMIE’s value plummeted by 96% post-attack.
Hot Take: Lessons Learned from Normie’s Controversies
Normie’s experience highlights the importance of responsible content creation and robust security measures in the crypto space.
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