The McDonald’s Instagram Hack
Yesterday, McDonald’s made headlines when its official Instagram account appeared to announce the launch of a new altcoin called GRIMACE on the Solana network. The post suggested that GRIMACE was a part of a McDonald’s experiment. However, it soon became clear that the Instagram account had been compromised by scammers.
Unveiling the Truth About GRIMACE
After the fraudulent announcement, it was revealed that the GRIMACE coin was not affiliated with McDonald’s. Instead, the coin was a memecoin created and promoted by the hackers. The post by the hacker read:
“GRIMACE! A McDonald’s experiment on Solana.”
Following the hacker’s post, GRIMACE’s market value skyrocketed from $100,000 to an astonishing $25 million. However, once it was discovered that McDonald’s Instagram account had been hacked, the GRIMACE price plummeted, and its market value dropped dramatically.
Hacker’s Actions and Fallout
The hacker, who had taken over the McDonald’s Instagram page, boasted about the success of their scam. They claimed to have earned $700,000 from the fraudulent promotion. The hacker’s message read:
“Sorry buddy, you got scammed. Thanks for the $700,000 Solana.”
McDonald’s Response
McDonald’s has yet to release an official statement regarding the incident. However, a company representative spoke with The US Sun and issued an apology for the unauthorized content posted during the hack. The official statement said:
“We are aware of the isolated incident affecting our social media account. We have resolved the issue on the account. We apologize to our followers for the offensive language shared during this time.”
Impact on GRIMACE Price
The GRIMACE coin experienced a significant price surge, reaching $0.0250 before the hack was uncovered. Following the revelation of the scam, the price of GRIMACE crashed just as rapidly as it had risen.
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