Hackers Take Over McDonald’s Instagram, Make $700K on Fake Grimace Token !!

Guillaume Huin, the Senior Marketing Director of McDonald's, reportedly suffered a security breach that resulted in the official social media account of the fast-food chain being compromised to promote a Solana-based memecoin called GRIMACE.

Notably, the scam token is based on the fast-food chain’s purple mascot, Grimace.

Guillaume’s personal Twitter account was also compromised by the attackers. They used it to make a series of posts promising GRIMACE holders that their Instagram accounts would soon be followed by McDonald’s.

This saw the token’s market capitalisation rise to about $20 million before drastically plummeting to below $1 million. The attackers had executed a ‘rug pull’ making off with “$700,000 in Solana.”

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