Normie, a memecoin project built on Coinbase’s native blockchain Base, has announced the termination of an intern who posted an offensive video on its official X account.
In a statement released by the Normie team, they expressed regret over the incident and assured the community that steps have been taken to prevent such occurrences in the future. The video, which featured a blue-skinned cartoon chef with exaggerated lips dancing, was met with criticism from the crypto community.
Some users questioned why the intern was solely blamed for the video, suggesting that the team should also take responsibility for approving it. Normie clarified that the video’s intended message was about finding a way out in challenging situations and promoting self-improvement.
In addition to this controversy, Normie recently experienced a smart contract exploit that resulted in the loss of 225 Ether ($881,686) belonging to users. This led to a significant drop in the token’s market capitalization. However, Normie has agreed to return 90% of the stolen NORMIE tokens to affected users by launching a new token using the stolen funds.
As part of the recovery process, Normie has successfully retrieved 192 ETH and completed the token launch at a new address. Despite facing challenges, Normie remains committed to its community and continues to develop on the Ethereum network, with a significant portion of new tokens being launched on Coinbase’s layer-2 blockchain Base.
In other news, Samsung has announced plans for a Bitcoin ETF, a $700 million loss has been reported, and Coinbase has exited the Japanese market.