Meme coin NORMIE Exploit Turns $1.1 Million Investment to Less Than $150

While the NORMIE team has been negotiating with the exploiter to recover the stolen funds, a trader has reportedly lost over $1.1 million in the exploit.
By Bhushan Akolkar
Updated June 23, 2025

Highlights

  • A trader lost all of his $1.1 million invested value in NORMIE meme coin.
  • The team behind NORMIE coin is negotiating with the hacker to recover 90% of the stolen funds.
  • NORMIE team promises to relaunch upon securing all funds from the exploiter.

While the broader meme coin sector has witnessed strong gains this month, there was a major exploit in the meme coin NORMIE which led it to lose more than 99% of its value in a single day. Amid this flash loan exploit, the market cap of this meme coin plummeted all the way from $182M to $110k within minutes. 

NORMIE Trader Loses More Than $1 Million

According to on-chain data provider Lookonchain, a trader’s investment in $NORMIE has dramatically plummeted. The trader spent $1.16 million to acquire 11.23 million $NORMIE tokens at a rate of $0.1035 each between March 25 and April 9. However, following an exploitation of $NORMIE, these holdings are now valued at less than $150. The trader has held the tokens without selling them since the purchase.

Team Negotiates With the Hacker

The team behind Base memecoin Normie (NORMIE) is negotiating with a hacker to recover 90% of the funds stolen due to a smart contract vulnerability, which led to a $41.7 million drop in the token’s market cap within three hours.

Normie has reportedly agreed to the hacker’s offer to return 90% of the stolen NORMIE tokens. Despite the token’s price already falling 96% since the exploit, the agreement stipulates that Normie will use the returned funds and $2.3 million from the team’s development wallet to launch a new token to compensate NORMIE holders. Additionally, the hacker requested no reprisals in another on-chain message.

The Normie team said: “We will have to re-launch, yes. That will come after we get our main twitter account back and after we get the funds from the exploiter”.

The hacker reaffirmed their stringent conditions, insisting that a token relaunch must take place before returning the funds.

Meme coin NORMIE came into existence earlier this year in March 2024. The creators of the blockchain scam detection tool Quick Intel assert that approximately 72,000 NORMIE holders were affected by the smart contract vulnerability, which was first identified in March.

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Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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