McDonald’s Instagram Compromised, Hacker Promotes Solana Meme Coin

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As a seasoned researcher with extensive experience in the cryptocurrency market and a keen observer of corporate social media behavior, I find this incident to be a stark reminder of the challenges that both industries face in the digital age. The hacking of McDonald’s Instagram account and the subsequent promotion of a Solana-based meme coin is a classic example of how cybercriminals exploit trust and market trends for their illicit gains.

McDonald’s Instagram account was compromised, allowing unauthorized individuals to promote a Solana-based meme coin. The company’s marketing director also seemed to have been hacked on his X (previously Twitter) account, posting related content. Users are expressing concern over the recurring crypto scams, which they believe is negatively impacting market sentiment.

McDonald’s Instagram Hacked 

A cyber attack occurred on McDonald’s Instagram account, where an unauthorized user shared a meme featuring Solana’s GRIMACE token. The hacker declared that McDonald’s had launched this meme coin on the Solana blockchain, causing various responses within the community. Initially, the value of the digital asset surged following the post but later started to decline.

INFO: An unauthorized individual gained access to McDonald’s Instagram account and carried out a deceptive maneuver, using a fraudulent token based on the Solana cryptocurrency. This person is currently aiming their scheme at KFC’s online platforms as well.

— Solid Intel (@solidintel_x) August 21, 2024

Additionally, Guillaume Huin, Marketing Director for fast food, also shared a relevant post about the GRIMACE token on X platform. The hacker then encouraged users to share their Instagram usernames, promising they would be followed back by the company’s official Instagram account.

If you own $GRIMACE, please share your Instagram usernames here, and we’ll be sure to follow you from the official McDonald’s account. We truly value and are grateful for all the support you’ve shown towards Grimace.

1. Instagram and X’s posts have been taken down, indicating that their social media accounts are back up and running. In 2024 Q1, the momentum for Solana meme coins has significantly increased due to a broader market trend. The surge in these tokens has also resulted in a dramatic rise of smaller tokens, as users seek quick profits. However, the overall sentiment in the market can influence meme coins, causing their prices to drop during bear markets.

Hackers Claim $700,000 

Following the recent event, cybercriminals took over McDonald’s Instagram account and updated its bio to announce a ‘rug pull’, claiming they had made approximately $700,000 in Solana (SOL). This action sparked criticism from many cryptocurrency users who condemned these actions, as such activities cast a negative image on the crypto community.

1. Over recent times, the cryptocurrency market has been hit by numerous phishing attempts and fraudulent schemes, particularly focusing on high-profile platform social media accounts. As a result of these incidents, global regulatory bodies have adopted stringent measures towards the market, triggering numerous lawsuits against crypto companies to safeguard investors.

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2024-08-21 22:42