🚨 Warning: Crypto Scam Alert! 🚨

Hackers exploited McDonald's Instagram account to promote a fake meme coin, "GRIMACE", on Solana, stealing $700,000 from unsuspecting investors.

- Sophisticated scam: Initial investors quickly dispersed tokens across multiple wallets.

- Fake endorsement: McDonald's marketing director's post was deleted after promoting GRIMACE on X (formerly Twitter).

This incident highlights the surge in meme coin scams in 2024:

- 1 in 6 tokens on Base layer 2 network are scams.

- 91% of new meme coins have significant security flaws.

Scammers use AI-generated imagery and fake ICOs to deceive investors, leaving many financially damaged.

Stay vigilant and always do your own research before investing in any asset! #CryptoScam #MemeCoin #Solana #BinanceLaunchpoolDOGS #BinanceBlockchainWeek