A crypto community with a former top-trending token on Basechain that fell victim to a hack is set to become one of Moonshot Exchange’s top tokens after launching and bonding two weeks ago above $1 million market cap.

The Law of Attraction (LOA) reboot was carried out with the aim of “manifesting $1 billion” on blockchain through the collective will of its holders.

When the coin was launched in May 2024, it quickly shot up to $17 million market cap and gained a listing on prestigious tier-2 exchange MEXC as well as CoinMarketCap and CoinGecko entries. For months it was a top-trending token on Base, the blockchain founded by crypto heavyweight Jesse Pollak.

In December last year, all that changed when GemPad, the platform where the coins were stored for trading pools, was hacked. Instantly, over 90% of LOA’s market capitalization vanished.

Instead of waiting for the funds’ return, which is still ongoing, the project’s founders Internet Money Man and Uncle Manifesta teamed up with a colleague from a previous community takeover called Batman and relaunched LOA with their existing community and also new allies made in the last 6 months within the Pump Fun ecosystem.

Earlier this year, Internet Money Man became a prominent community figurehead in the PumpSwap scene, the eponymous memecoin of the world’s largest dex on Solana belonging to Pump.Fun.

“It was a tough time, building up a project that was one of the biggest on Basechain only to be knocked down by a hack. But we learned a lot and now the community is stronger and bigger than ever, which was perfect for a relaunch. This is why I think we bonded on Moonshot launchpad in the first 24 hours,” said Internet Money Man in an interview with Daily Goat.

Uncle Manifesta attributes the strength of the recent launch to this experience and lessons learned.

“We burned $80,000 of the supply and recently it looks like Moonshot market makers themselves have sat up and taken notice and are buying in too,” Uncle Manifesta told Daily Goat.

After shooting up to $1 million market cap shortly after launching, LOA settled back at around $220,000 market cap before doubling this week.

Documents prepared by audit firm Hackdra and viewed exclusively by Daily Goat indicate the Gempad hack that news reports described as a security breach may have been an inside job, with the founders of Gempad facing an investigation for allegedly stealing the funds from investors.

GemPad's smart contracts had a reentrancy vulnerability in the collectFees function, which attackers exploited to drain approximately $1.9 million to $2.2 million across multiple projects, including LOA.

This exploit allowed the attacker to repeatedly withdraw funds before the contract's state was updated, effectively bypassing the intended security measures.

The allegation that there was more to the theft crystalised after the GemPad founders were given two options to secure the return of the funds from the hacker, but refused to use requisite Know Your Customer (KYC) applications or engage a legal council to carry out the next steps to ensure the refund of LP funds.

“Gempad’s deployment of the contract [where funds were stored] without rectifying vulnerabilities … was deemed negligence,” according to the Hackdra report. “Faced with Gempad’s failure to fulfil legal obligations, Hackdra is determined to act in cooperation with law enforcement agencies to support the affected projects and ensure justice in the blockchain space.”

Further, Hackdra invited the GemPad founders to KYC via a private channel “to dispel the suspicions surrounding [them]” but this offer to further assist with the recovery process has not as yet been taken up. 

Still, part of the reason for all the excitement over the relaunch of LOA is that the community has actually grown in the past months as a result its expansion via the inclusion of the PumpSwap investors.

This crowd is drawn to LOA’s pitch, which is that “it’s not about dogs, frogs, cats an hats. It’s a mindset.” The milestones for the project are divided into four, with $1 million to $1 billion market caps being the goal to “manifest”.

A number of community members from PumpSwap can be seen in the Telegram room set up for the LOA memecoin.

“We looked at all the options, including re-launching on Base,” said Batman in an interview with Daily Goat.

“In the end our intuition was that Moonshot launchpad represented a unique opportunity to become a mascot memecoin on the world’s premier memecoin exchange. With a higher bonding curve requirement of $1 million, which secured us a Moonshot exchange listing worth maybe a hundred thousand dollars, it turned out to be a solid bet. We also hit our first manifestation price target,” he said.

As for the GemPad funds, the new project may get an extra boost if Hackdra is able to recover the money in the future since all of it would be put back into the new LOA liquidity pool (LP). Although a long shot, that would represent an additional $1 million market cap for the new LOA launched on Moonshot.

LOA’s next Spaces on X is expected to be an uproarious event and will take place this coming Sunday at 9pm BST hosted by Daily Goat.

“Our mindset is ‘we are headed to a billion’ anyway, because that’s the power of community” said Internet Money Man.