McDonald's Instagram Hacked
Curve DAO Faces Backlash Over Funding Proposal, Pump.Fun Makes Millions While Users Lose
McDonald's official Instagram account was hacked Wednesday and used to promote the GRIMACE meme coin by crypto scammers who called it an "experiment on Solana" in a fake post.
The scammers named India_X_Kr3w made around $700,000 off the rug pull, based on their own Instagram comment after the heist.
GRIMACE jumped to a market cap of $20 million and then dropped to under $1 million, according to FinanceFeeds based on Pump.Fun data.
McDonald's Senior Marketing Director's socials were also hacked and used to promote GRIMACE in fake ads.
According to Bubblemaps, the hackers/scammers owned 75% of GRIMACE supply and used multiple addresses to buy it on Pump.fun, then spread into even more addresses to sell it.
The company soon recovered the account but must've forgotten to take down a malicious Telegram group's link left by the scammers.
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