McDonald's Instagram Hacked by Bad Actors Promoting a Solana-based Meme Coin

The Instagram account of McDonald's suffered a hacking incident that saw the bad actor posting a Solana meme coin, GRIMACE.

Fast-food giant McDonald’s fell victim to a hacking incident on its Instagram account, with the bad actors promoting a Solana-based meme coin in the posts. The incident also saw the company's marketing director making a related post on his X (formerly Twitter) account, which is now suspected to have been hacked as well.

The hacking incident saw the bad actors posting about the meme coin, which is called GRIMACE, on the McDonald’s Instagram account. The posts claimed that the company issued the meme coin on Solana, sparking diverse reactions within the crypto community. Notably, the posts also saw users commenting on the scam and warning others against falling prey to it.

As evident from the posts, the meme coin reacted to the news with a massive spike in its value. However, the gains were short-lived as the asset lost momentum in the following hour. The posts also urged users to drop their Instagram handles so that they could get followed back by the official McDonald’s account.

Meanwhile, Guillaume Huin, who serves as the Marketing Director at McDonald’s, also made a post on X about the GRIMACE token. The post included a link to the meme coin's website and stated that the company is "proud" to announce the launch of the token on Solana. However, users quickly flagged the post as suspicious, given that McDonald’s has not previously announced any plans to launch a cryptocurrency.

The hacking incident and the use of McDonald’s Instagram account to promote the scam token have sparked outrage among users on social media platforms. Many expressed their disappointment over the frequent crypto-related scams in the market and cited the incident as a contributing factor to the declining sentiments in the crypto space.

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