Summary:
Hackers exploited McDonaldâs Instagram to promote a fraudulent Grimace coin.
$700,000 in Solana was scammed from users.
Personal account of McDonaldâs marketing director was also compromised.
Grimace Coin is a meme token inspired by Elon Musk.
Authorities are investigating to prevent future scams.
Hackers recently took control of McDonaldâs 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 McDonaldâs Senior Marketing Director to further spread the scam.
What is Grimace Coin?
Grimace Coin was originally created as a meme token inspired by a social media interaction between Elon Musk and McDonaldâs. It gained traction as a fun and entertaining investment opportunity.
Importance of Vigilance
This incident highlights the importance of vigilance when encountering unexpected promotions on social media platforms. Authorities are investigating the breach to prevent future occurrences and protect users from similar scams.
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