The Memecoin project Normie, built on Coinbase’s native blockchain Base, announced that it has terminated its intern for posting an offensive video on its official X account.
“After careful consideration and internal reflection, we have decided to take down our latest video,” the Normie team stated. “The intern responsible has been let go. We sincerely apologize to anyone who was offended by the content. We are dedicated to ensuring that such incidents do not occur in the future.”
The controversial video, released on June 10 and met with disapproval from the crypto community, featured a blue-skinned cartoon chef dancing to the tune of cooking with exaggerated full lips.
“How can this be solely the intern’s fault? Did they create and post the video independently? Did your team not approve it?” questioned one user. “Fire whoever was supposed to oversee the intern and allowed this to happen.”
Normie clarified that the video was meant to convey the message that “there is always a way out, even when facing challenges, and that positive change starts from within.”
“It was never our intention to downplay a sensitive issue,” they emphasized.
In addition to this incident, Normie recently fell victim to a smart contract exploit where hackers accessed 225 Ether ($881,686) of users’ funds, resulting in a $41.7 million drop in the token’s market value in under three hours.
Normie reportedly agreed to the hacker’s terms to recover 90% of the stolen NORMIE tokens, despite the token’s price plummeting by 96% post-exploit. The conditions included using the stolen funds and the $2.3 million in the development wallet to introduce a new token for compensating NORMIE holders.
By June 7, Normie announced the recovery of 192 ETH from the incident and completed its token launch at a new address.
Since April 1, a total of 372,642 new tokens have been introduced on the Ethereum network, with 88% of them launched on Coinbase’s layer-2 blockchain Base.
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