Base memecoin project Normie fires intern over offensive video

cyptouser4 months agoCryptocurrencies News58
55966e89>

Memecoin project Normie, based on Coinbase’s native blockchain Base, claims that it has fired its intern after posting an offensive video to its official X account.

“After careful consideration and internal reflection, we have decided to remove our last video,” Normie developers wrote. “The intern that posted it has been fired. We sincerely apologize to anyone who was offended by the content. We are committed to ensuring that this does not happen again."

The promotional video, which was released on June 10 to the distaste of the crypto community, appears to show a blue-skinned cartoon chef dancing to the tune of cooking with heavily exaggerated full lips.

An alleged repost of the controversial Normie video after takedown. Source: X

“How is this the intern’s fault? did he make and post the whole video himself? did your team not approve it?" One user commented. “Fire whoever should’ve been helping the intern and allowed that to happen.”

Developers explained that the intended message of the video was that “there is always a way out, even when everything is coming at you, and that positive change begins with oneself.”

"It was never our intention to trivialize a sensitive topic," they said.

Last month, Normie also suffered a smart contract exploit, in which hackers breached 225 Ether (ETH) ($881,686) of users’ funds, leading to a $41.7 million plunge in the token’s market cap in less than three hours. 

Normie later reportedly accepted the hacker’s offer to get 90% of the stolen NORMIE tokens back—though the price has already fallen 96% since the exploit—on the condition that Normie uses the stolen funds and the $2.3 million in its development wallet to launch a new token to reimburse NORMIE holders.

On June 7, Normie developers claimed that 192 Ether stolen during the incident had been recovered and that its token launch at its new address was complete. 

Since April 1, 372,642 new tokens have been launched on the Ethereum network, with 88% launched on Coinbase’s layer-2 blockchain Base.

Related: Samsung’s Bitcoin ETF, $700M bust, Coinbase exits Japan

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Disney unveils digital collectibles with characters from iconic franchises

Entertainment giant Disney announced a new line of digital collectibles, which will be offered under...

Nearly three-quarters of organizations now use AI, breaking adoption stagnancy: McKinsey

A new survey reveals that 72% of organizations have adopted AI in at least one area as of March 2024...

SBF Trial Day 15 – SBF pleads not guilty to all charges as defense rests its case

Day 15 of the Sam Bankman-Fried (SBF) trial began with the prosecution continuing its cross-examinat...

Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

55966e89˃The Solana blockchain has been, so far, one of the strongest performers of this bull cycle,...

DAO acquires rights to the image behind the Doge meme

DAO acquires rights to the image behind the Doge meme

1205f261˃Own The Doge, the decentralized autonomous organization (DAO) associated with the Shiba Inu...

Hong Kong spot crypto ETFs debut tomorrow: 6 things to know

Hong Kong spot crypto ETFs debut tomorrow: 6 things to know

55966e89˃The cryptocurrency community is eagerly awaiting a significant industry event happening tom...