On May 26, 2024, a vulnerability in the NORMIE contract on Base blockchain was exploited by an attacker, resulting in a 99% drop in token value. The market cap plummeted from $41 million to $35,000.
Q1: What measure could likely have prevented NORMIE's security incident?
A1: A Smart Contract Audit
Q2: What was the initial vulnerability in the NORMIE contract?
A2: Allowing any address receiving a specific number of tokens to become a premarket_user
