McDonald's Hacker Gained 79x with Meme Coin!
The hacker who took over McDonald's official account made a 79x profit in a short time.
The Instagram account of the world giant McDonald's was recently taken over and a meme coin based on Solana was shared. Then, the purchases for this project led to a serious rise in the promoted coin called GRIMACE.
Of course, the hacker who took over the Instagram account and shared it had previously made a significant amount of money for this coin.
According to the data provided by the on-chain analysis platform Lookonchain, the hacker bought 705 million GRIMACE with only 65 SOL and sold it for 5,202 SOL, making a profit of 5,136 SOL ($738 thousand). This means a 79x return.
The hacker, who saw this as an opportunity, had actually made a serious investment in the GRIMACE coin before this share. According to information provided by on-chain analytics platform Lookonchain, the hacker purchased 705 million GRIMACE for a low price of just 65 SOL. The hacker sold these coins for 5,202 SOL shortly after, making a profit of approximately 5,136 SOL ($738,000). This means that the hacker made a return of exactly 79 times his investment. The incident once again showed how speculative movements in crypto markets can lead to huge gains or losses.
This breach in the security of McDonald’s social media accounts seriously damaged the brand’s reputation. At the same time, this situation reminded once again that large companies should be more careful about cybersecurity. The crypto community emphasized that they should be more cautious against such manipulative movements.
