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McDonald’s Instagram hackers make $700K shilling Grimace memecoin

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In an unexpected breach, McDonald’s Instagram account was compromised and repurposed to promote a Solana-based meme coin. The fast-food giant’s social media page, followed by millions, became the latest target in a series of high-profile hacks within the crypto space.

The hacker took control of McDonald’s official account, posting misleading content that encouraged followers to engage with the meme coin, potentially exposing them to financial risk. This incident underscores the growing trend of cybercriminals exploiting well-known brands to lure unsuspecting individuals into crypto-related schemes.

McDonald’s has since regained control of its Instagram account and has removed the fraudulent posts. The company issued a statement warning users about the hack and advising them to be cautious about engaging with any content posted during the breach. The incident is currently under investigation as the company works to ensure its digital platforms are secure.

This hack highlights the increasing importance of robust cybersecurity measures, especially as more companies and individuals become involved in the cryptocurrency ecosystem.

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