Base memecoin project Normie fires intern over offensive video

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

“After cautious consideration and inner reflection, we now have determined to take away our final video,” the Normie staff wrote. “The intern that posted it has been fired. We sincerely apologize to anybody who was offended by the content material. We’re dedicated to making sure that this doesn’t occur once more.”

The promotional video, which was launched on June 10 to the distaste of the crypto neighborhood, seems to indicate a blue-skinned cartoon chef dancing to the tune of cooking with closely exaggerated full lips.

Supply: Normie

“How is that this the intern’s fault? did he make and put up the entire video himself? did your staff not approve it?” one person commented. “Hearth whoever ought to’ve been serving to the intern and allowed that to occur.”

Normie defined that the supposed message of the video was that “there’s at all times a method out, even when every little thing is coming at you, and that optimistic change begins with oneself.”

“It was by no means our intention to trivialize a delicate subject,” they stated.

Final month, Normie additionally suffered a smart contract exploit, wherein hackers breached 225 Ether (ETH) ($881,686) of customers’ funds, resulting in a $41.7-million plunge within the token’s market capitalization in lower than three hours. 

Normie later reportedly accepted the hacker’s provide to get 90% of the stolen NORMIE tokens again — although the value has already fallen 96% for the reason that exploit — on the condition that Normie makes use of the stolen funds and the $2.3 million in its growth pockets to launch a brand new token to reimburse NORMIE holders.

On June 7, Normie claimed that 192 ETH stolen through the incident had been recovered and that its token launch at its new tackle was full. 

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

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