McDonald's Instagram hacked, promoting Solana-based meme coin "Grimace", with $700k in Solana stolen.
McDonald's Instagram account was hacked, promoting a Solana-based meme coin called "Grimace." Cybercriminals exploited the platform to promote the fake cryptocurrency scheme, capitalizing on the increasing popularity of cryptocurrencies. The hackers allegedly made off with $700,000 in Solana by purchasing 75% of the token's circulating supply and distributing it across around 100 different wallets. This incident highlights the need for investors to exercise caution when investing in newly launched meme tokens, which can often be scams.
August 21, 2024
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