Based

Normie

Memecoin

Base

Memecoin protocol Based Doge (BOGE), operating on the Base network, has recently admitted to being hacked, and losses are estimated to be around 91.4 million BOGE tokens. As the team revealed recently, the loophole was similar to the <a href="https://www.cryptotimes.io/2024/05/27/normie-team-mulls-hacker-demands-after-100-price-fall/">Normie attack</a> last week when a specific vulnerability in smart contracts was exploited. 
The attacker took advantage of a flash loan vulnerability to create more tokens, empty the liquidity pool, and substantially reduce the token price. 
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 BOGERS We regret to inform you that BOGE was recently compromised by a hacking incident (the same as Normie). However, we want to assure you that our team is fully committed to the project's success and to your continued trust and support. We have taken a snapshot of all…— $BOGE I On Base (@bogeonbase) <a href="https://twitter.com/bogeonbase/status/1795165559635530171?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 27, 2024</a>
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The address of the attacker was determined to be 0xbA2b…26Ba0C, and the address of the exploit contract was 0x8c4e4…5d1a42. Blockchain data revealed that the attacker completed over 120 transactions, transferring around 91.4 million BOGE and swapping them for 4.47 Ether, which is approximately $16,926. 
The Based Doge team claims that it has restricted access to the supply by taking a snapshot of current holders and is ready to restart the project. They also intend to distribute the entire BOGE token supply to all BOGE holders at zero cost. This team has been provided with 30 ETH in their marketing wallet to further reconstruct and develop the project. Preparations for the potential fair relaunch with the exchange like MEXC are being made at the moment, and people who hold the tokens are urged not to transfer their funds. 
Currently, the team continues working on the project to achieve the set goal of a market capitalization between $2.5 million and $3 million upon relaunch. 
According to CoinMarketCap stats, BOGE is trading at a price of $0.00003834, with a price drop of 41.32%. 
<img fetchpriority="high" decoding="async" width="602" height="296" src="https://lh7-us.googleusercontent.com/IfzjReGUNcLe9qNUL7wgwAZFPfMtY1_PDO1bgpYugHnIvrHxGBSLPcsbynX0mSdlMKXG-NSidLOTAfAvcRqog9fLPN6WbxohW1dM8qSHUXDaCEg5Ksm59N9cgYmFKGfcGWKJWYudlhn89M9bCfrnykE" alt="IfzjReGUNcLe9qNUL7wgwAZFPfMtY1 PDO1bgpYugHnIvrHxGBSLPcsbynX0mSdlMKXG"> 
Source: <a href="https://coinmarketcap.com/currencies/boge/" data-type="link" data-id="https://coinmarketcap.com/currencies/boge/" target="_blank" rel="noopener">Coinmarketcap</a> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/29/researchers-help-recover-3-million-in-lost-bitcoin/">Researchers Help Recover $3 Million in Lost Bitcoin</a> 
</blockquote>

Based Doge Hit by Exploit, 91.4M BOGE Tokens Drained

The Crypto Times

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