On August 21, 2024, a hacker hijacked one of McDonald's Instagram accounts to promote a fake Solana-based meme coin called 'GRIMACE.'
GRIMACE Promotion on McDonald's Instagram
Within just 30 minutes, the hackers stole over $700,000. The fake token skyrocketed, reaching a market capitalization of $25 million before crashing to $1 million. After the theft, the hackers added a thank you message: 'Thank you for the $700,000 in Solana.'
Hack Through Social Media
Earlier, in August 2023, hackers had also targeted the Blockchain Capital account on X (formerly Twitter). They tricked investors and crypto enthusiasts by offering 'BCAP' token giveaways through fake websites.
Community Reaction and Aftermath
Guillaume Huin, McDonald’s marketing director, gained significant attention from the crypto community with his post on X supporting $GRIMACE. However, all related posts on Instagram and X were soon deleted, harming investors.
This incident highlights the importance of securing social media accounts of popular brands.
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