Grimace

Solana

Algorand

Coin

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      <p><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">Hackers who took over McDonald’s official Instagram account with 5.1 million followers yesterday scammed $700,000 in Solana by promoting a scam meme coin called Grimace.</span></p> 
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<p><span style="font-weight: 400;">The hackers also gained access to the personal Twitter account of Senior Marketing Director Guillaume Huin to promote the meme coin.</span></p> 
<p>Screenshots shared on X reveal that McDonald’s Instagram account posted a series of promotions for the scam token, inspired by the chain’s purple mascot, Grimace.</p> 
<p><img decoding="async" src="https://media-cldnry.s-nbcnews.com/image/upload/t_social_share_1024x512_center,f_auto,q_auto:best/rockcms/2023-06/Grimace-mcdonalds-mc-230608-731819.jpg" alt="What Is Grimace? Character Who Inspired McDonald's Shake"></p> 
<h2 id="span-style-font-weight-400-mcdonald-s-hacker-dumped-75-of-grimace-after-a-195-000-rally-span"><span style="font-weight: 400;">McDonald’s Hacker Dumped 75% Of GRIMACE After A 195,000% Rally&nbsp;</span></h2> 
<p><span style="font-weight: 400;">Data from Bubblemaps revealed that the hacker used the Solana meme coin deployer </span><a href="https://insidebitcoins.com/news/solana-meme-coin-launchpad-pump-fun-reaches-record-monthly-agreement-income"><span style="font-weight: 400;">Pump.fun</span></a><span style="font-weight: 400;"> to scoop up 75% of the token’s circulating supply. </span></p> 
<p><span style="font-weight: 400;">The tokens were then divided between 100 different wallets.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">hacker owned 75% of the supply </p> 
 <p>used multiple addresses to buy on Pumpfun simultaneously, then spread into ~100 addresses</p> 
 <p>sold for $700k</p> 
 <p>thanks, <a href="https://twitter.com/McDonalds?ref_src=twsrc%5Etfw">@McDonalds</a> 🍟 <a href="https://t.co/Gt9yb3V3qp">https://t.co/Gt9yb3V3qp</a> <a href="https://t.co/ojLoiJamdy">pic.twitter.com/ojLoiJamdy</a></p> 
 <p>— Bubblemaps (@bubblemaps) <a href="https://twitter.com/bubblemaps/status/1826317923717099549?ref_src=twsrc%5Etfw">August 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Following the social media posts on both McDonald’s and Huin’s accounts, the </span><a href="https://dexscreener.com/solana/ebv3fvhxjeq73wnvqedddlm1ug5jc3azqufv7r9lwye"><span style="font-weight: 400;">price</span></a><span style="font-weight: 400;"> of the GRIMACE token skyrocketed 195,000% to take its market capitalization from a few thousand dollars to as high as $25 million within just 30 minutes.</span></p> 
<p><span style="font-weight: 400;">This rally prompted the hackers to dump their holdings in the </span><a href="https://insidebitcoins.com/news/solana-meme-coins-surge-32-popcat-and-daddy-lead-the-charge-as-sol-soars-10"><span style="font-weight: 400;">meme coin</span></a><span style="font-weight: 400;">, causing its market cap to plummet to as low as $650,000 in 40 minutes.</span></p> 
<h2 id="span-style-font-weight-400-hacker-bragged-about-gaining-700k-span"><span style="font-weight: 400;">Hacker Bragged About Gaining $700K</span></h2> 
<p><span style="font-weight: 400;">After the attack, the hacker went on to edit the bio section of McDonald’s Instagram page to brag about the exploit, saying </span><span style="font-weight: 400;">the attack netted a profit of $700,000.</span></p> 
<p><span style="font-weight: 400;">McDonald’s has since regained control of the page, and has removed all posts that promoted the meme coin.</span></p> 
<p><span style="font-weight: 400;"> In response to the incident, McDonald’s told the New York Post that it was aware of an “isolated incident” that had affected its social media accounts on Aug. 21.</span></p> 
<p><span style="font-weight: 400;">The company said the issue has been resolved and apologized to its followers.</span></p> 
<h3 id="span-style-font-weight-400-related-article-span"><span style="font-weight: 400;">Related Article:</span></h3> 
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 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepecoin-jumps-9-8-in-24-hours-as-new-meme-coin-crypto-all-stars-raises-600k-in-presale-promising-next-level-returns"><span style="font-weight: 400;">PepeCoin Jumps 9.8% In 24 Hours As New Meme Coin Crypto All-Stars Raises $600k In Presale, Promising Next-Level Returns</span></a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/algorand-price-prediction-for-today-august-21-algo-technical-analysis"><span style="font-weight: 400;">Algorand Price Prediction for Today, August 21 – ALGO Technical Analysis</span></a></li> 
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Hackers Hijack McDonald’s Instagram, Scam $700K in Solana Through Grimace Meme Coin

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