Based Doge, a memecoin project inspired by the Doge meme, experienced an exploit similar to the recent Normie attack, resulting in the draining of 91.4 million BOGE tokens. The attack, confirmed by the team, relied on a vulnerability comparable to the one exploited in the Normie incident. Following the attack, the team announced plans to compensate victims and relaunch the project.
The exploit occurred on May 27, just one day after the Normie attack on May 26. Blockchain data revealed that an account initiated over 120 transactions on the Base network, transferring significant amounts of BOGE tokens into the attacker’s account. Subsequently, the attacker exchanged the tokens for Ether, resulting in a substantial loss in BOGE’s value.
Smart contract vulnerabilities continue to pose significant risks in the cryptocurrency space, as demonstrated by recent attacks on projects like Normie and Based Doge. These incidents underscore the importance of robust security measures and prompt response protocols to mitigate the impact of exploits and protect investor assets.
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