As a seasoned crypto investor with battle-scarred eyes and a heart full of caution tales, I can’t help but feel a mix of amusement and dismay at yesterday’s antics. The McDonald’s hack, turning the beloved Grimace into a Solana meme coin, was as unexpected as a Happy Meal toy that assembles itself.
1. Yesterday, the excitement surrounding crypto didn’t skip over McDonald’s as their official account was compromised, promoting a fictitious meme cryptocurrency linked to the character Grimace. The hacked account was used to publicize this Solana blockchain-based coin.
The event sparked a significant response within the cryptocurrency community, and even Billy Markus, the original creator of Dogecoin (DOGE) meme who goes by Shibetoshi Nakamoto online, was not immune to its impact. In a rather straightforward manner, he expressed his thoughts on the matter, stating that it seemed quite foolish.
In simpler terms, the inventor of DOGE suggests that those who purchased the token either understand the rules of the game, aiming to buy and sell rapidly, thus excluding newcomers, or they might be quite naive. Meanwhile, some unscrupulous individuals have allegedly exploited the situation, causing a drop in price, often referred to as “rug pulling.”
What happened?
1. The cybercriminals shared a message exposing the name and contract details of the digital token, along with hacking the account X belonging to the marketing director of the fast-food conglomerate. This action led to an increase in the market value of the fraudulent token to approximately $30 million, earning the attackers around $700,000 in profits.
McDonald’s hasn’t responded to the issue so far, and all related posts seem to be removed. It’s not uncommon for scams like this, using reputable sources of significant social media accounts, to occur. With more than 5 million followers on Instagram, McDonald’s is no exception to such incidents.
It is important to stay on your guard and think three times before deciding to buy something like this – even if it is an official token.
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2024-08-22 14:45