Based Doge, a memecoin modeled after Dogecoin, faced a significant security breach resulting from hacking activity. Developers disclosed that the same hacking method used in the breach of the Normie memecoin was employed in this instance. Following the breach, the value of Based Doge experienced a sharp decline of nearly 97%. Despite this, developers confirmed that they had captured a snapshot of token holders and intended to relaunch the project. Historically, Based Doge could only be acquired through centralized exchanges like MEXC. The developers assured that the future supply of Based Doge's altcoin would be distributed to previous holders without any transaction costs. Detailed insights into the security breach were shared, attributing a smart contract vulnerability as the root cause of the breach. The hacker leveraged a flash loan technique to create new tokens and deplete the liquidity pool, severely impacting the token's value. Fortunately, the hackers did not manage to acquire a significant sum, and the 30 ETH involved will be utilized for restarting the memecoin. The upcoming token is predicted to hold a market value within 2.5 to 3 million dollars.