McDonald’s Instagram Page Hacked to Push Fake GRIMACE Memecoin

YEREVAN (CoinChapter.com) — McDonald’s Instagram page was hacked to promote the Solana memecoin GRIMACE. The unauthorized post falsely claimed the token was part of “a McDonald’s experiment on Solana.” This led to a brief surge in GRIMACE’s market capitalization, reaching around $20 million before dropping below $1 million, according to pump.fun data.

McDonald’s Instagram Hacked: GRIMACE Memecoin Scam Unleashed. Source: @WuBlockchain

The hacker altered McDonald’s Instagram profile, adding a message that thanked users for “$700,000 in Solana.” The message suggested a rug pull. Although the post was removed quickly, but it highlighted a growing trend of hackers targeting popular social media accounts to push cryptocurrency projects.

McDonald’s Instagram Hacked: Solana Memecoin Scam Alert. Source: @mcdonalds Surge in Social Media Hacks Exploits High-Profile Accounts for Crypto Scams

The hacking of McDonald’s Instagram page is part of a series of attacks involving social media accounts. Earlier this year, the X account of Google’s cybersecurity firm Mandiant was hacked. The attackers used the account to promote a fake token, posing as the crypto wallet Phantom. The scam messages directed users to a fraudulent website and remained online for several hours before removal.

Mandiant X Account Hacked: Brute Force Attack Confirmed. Source: @Mandiant

These incidents clearly demonstrate an increase in hacks targeting accounts with large followings. Additionally, the scams frequently involve Solana memecoins like GRIMACE, taking advantage of the rapid value fluctuations of these digital assets.

Celebrities and Brands Targeted in Wave of Social Media Hacks, Raising Security Concerns

In July, American rapper and singer Doja Cat’s X account was hacked to promote a Solana-based memecoin. During the attack, the hacker removed her profile picture and bio, then proceeded to post over two dozen tweets to her 5.6 million followers. Shortly after, Doja Cat addressed the situation on Instagram, informing her 24 million followers that she was not responsible for the posts.

Doja Cat’s X Account Hacked: Solana Memecoin Scam Exposed. Source: @NotAnotherTip

This incident follows other hacks involving celebrities. The hacking of Doja Cat’s account led to reactions from other celebrities, including Iggy Azalea, who tweeted in support of Doja Cat.

Additionally, the hacking of McDonald’s Instagram page and other high-profile accounts is part of a broader wave of cyberattacks. Figures such as Elon Musk and Jeff Bezos have also had their accounts compromised. Above all, the rise in cyberattacks, particularly since Elon Musk acquired X, has raised concerns about the security of verified accounts.

The post McDonald’s Instagram Page Hacked to Push GRIMACE Memecoin in Latest Crypto Scam appeared first on CoinChapter.