Solana

Grimace

<ul><li>McDonald’s Instagram was hacked to promote a scam meme coin after its famous mascot.</li><li>The Solana-based Grimace token reached a $25M market cap before the hacker dumped it.</li><li>The hacker boasted about stealing $700,000 from the scam on McDonald&#39;s Instagram.</li></ul>In an unexpected turn of events, McDonald&#39;s Instagram account was hacked on Wednesday to promote a fraudulent cryptocurrency scheme. The hacker took over the fast-food chain’s account and used it to advertise a fake meme coin called $GRIMACE, themed after McDonald’s iconic purple character. This development raised concerns among McDonald’s 5.1 million followers, as the posts flooded the platform, luring unsuspecting users into the scam.<h2 id="header-0">Surge in GRIMACE&#39;s Value</h2>The meme coin in question, named GRIMACE, quickly gained traction after the hacker posted a series of updates promoting the token as McDonald&#39;s entry into the Solana ecosystem. On-chain <a href="https://dexscreener.com/solana/ebv3fvhxjeq73wnvqedddlm1ug5jc3azqufv7r9lwye" rel="noopener noreferrer nofollow">data</a> reveals that the token&#39;s market cap skyrocketed to $25 million within half an hour of the posts going live. This surge followed a sharp increase in the token’s price, which climbed to $0.025 during the hacker’s campaign. The hacker&#39;s actions drew significant attention as buyers flocked to purchase the meme coin, unaware of the looming scam.<a href="https://cryptotale.org/mcdonalds-instagram-compromised-to-promote-fake-meme-coin-grimace/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

McDonald’s Instagram Compromised to Promote Fake Meme Coin Grimace

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