Hackers Exploit McDonald’s Instagram to Promote Fake Grimace Coin, Netting $700,000 in Solana

Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace Coin, originally created as a meme token inspired by a social media…

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$700K Lost After $GRIMACE Promotion on McDonald’s Instagram

Hackers seized control of McDonald’s Instagram account to promote fake Grimace tokens, making away with about $700,000 from investors.  McDonald’s has successfully recovered its account and deleted all related posts. On Wednesday, August 21, the official Instagram account of fast food giant McDonald’s, with over 5 million followers, was compromised and used to promote a…

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