Coin

The post <a href="https://coinpedia.org/news/hackers-use-mcdonalds-insta-to-promote-the-meme-coin-grimace/" rel="noopener noreferrer nofollow">Hackers use McDonald’s Insta to promote the Meme Coin GRIMACE</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
On August 21, 2024, a hacker hijacked one of the biggest fast-food chains McDonald’s Instagram accounts to promote a fake Solana-based meme coin called “GRIMACE.” Within just 30 minutes, the hackers stole over $700,000 in funds, as this fake token skyrocketed and its market capitalization reached $25 million before crashing to $1 million, according to data from pump.Fun.
<h2 class="wp-block-heading" id="h-grimace-promotion-on-mcdonald-s-instagram">GRIMACE Promotion on McDonald’s Instagram</h2>
Later, the hackers deleted the fake meme coin “GRIMACE” post from Instagram, which suggests that McDonald is experimenting on Solana. After the hack and theft of the funds, the hacker adds a thank you message, saying “Thank you for the $700,000 in Solana.”
<figure class="wp-block-image size-full"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc.png" rel="noopener noreferrer nofollow"><img decoding="async" width="827" height="465" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc.png" alt="" class="wp-image-341208" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc.png 827w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003613/cdjnc-150x84.png 150w" sizes="(max-width: 827px) 100vw, 827px"></a>
 <figcaption class="wp-element-caption">
 Source: Instagram
 </figcaption>
</figure>
Additionally, Guillaume Huin, the marketing director of McDonald’s, gained significant attention from the crypto community as his post on X (previously Twitter) went viral. In the post on X, the marketing director added,&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “If you’re a holder of $GRIMACE, drop your Instagram handles below, we will follow you on the official McDonald account. We love and appreciate all the support of Grimace.”
</blockquote>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao.jpg" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="941" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao-1024x941.jpg" alt="" class="wp-image-341209" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao-1024x941.jpg 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao-300x276.jpg 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao-768x706.jpg 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao-150x138.jpg 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/22003647/GVhJWLVbcAAQFao.jpg 1240w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
 Source: X (previously Twitter)
 </figcaption>
</figure>
However, both of these posts on X and Instagram vanished soon, but they had already hurt investors.
<h2 class="wp-block-heading" id="h-hack-through-social-media">Hack Through Social Media</h2>
This is not the first time hackers have used any popular firm or celebrity Instagram or X accounts. Earlier, in August 2023, hackers targeted the X account of Blockchain Capital. Additionally, these hackers targeted investors and crypto enthusiasts by offering “BCAP” token giveaways through fake websites.
Hackers prefer this type of attack to trick individuals into linking their crypto wallets.

Hackers use McDonald’s Insta to promote the Meme Coin GRIMACE

Table of Contents

CoinPedia News

Other articles published on Aug 21, 2024

TON Blockchain Sees 7x Surge in Active Addresses Since July 2021

Bitcoin Reaches $60,000

Tether (USDT) Announces New Stablecoin Project!

Hackers Compromise McDonald’s Instagram to Promote Solana Meme Coin

Goldman Sachs Revises its Recession Forecasts: Bad News for Bitcoin?

Crypto Analytics Firm Reveals 3 Altcoins That Could Gain 3–10x by the End of Q4 2024

Join our free newsletter for daily crypto updates!