Hackers hack McDonald's social media accounts to promote fake meme coins... and win $700,000

Scammers hacked the official Instagram account of fast food chain McDonald's to promote a fake meme coin and make more than $700,000 in profits.
On the 21st (local time), the scammers hacked into McDonald's official Instagram account and posted a picture of one of McDonald's mascots, "
The page featured a promotional post for a meme coin based on "Grimace." The fake meme coin was described as an ongoing "McDonald's experiment" in Solana,
The tweet was shared by 5.1 million followers around the world. According to data from blockchain analytics service Bubblemaps, the hackers
Using the selling platform pump.fun, they secured 75% of the total circulation of Grymace tokens and split them among around 100 different wallets.
According to DexScreener data, the market capitalization of the GRIMACE meme coin dropped by 300,000 to 500,000 USD after a fake meme coin promotional post was posted on the official McDonald's account.
The price of the meme coin soared to $25 million in just 40 minutes. However, after that, the hacker sold a large amount of the tokens he held, causing the price to plummet, and 40 minutes later, the price of the meme coin
Its value dropped to $650,000. After the hack occurred, the hacker modified the profile section of McDonald's Instagram page to say, "Sorry,
Now, you were just rug-pulled by India_X_Kr3w. Thank you for the $700,000 (approximately 10.2 million yen)," they wrote, claiming that they committed the rug-pulling and received a total of $700,000 (approximately 10.2 million yen).
He revealed that he had received about 10.2 million yen (approximately 10.2 million yen). Currently, the posts and profile text promoting MemeCoin have been deleted, and the account has been successfully restored.