rugpull

The Grimace Rug Pull: A $700,000 Heist on McDonald’s Instagram

August 22, 2024
In a brazen cyber heist, malicious actors took control of McDonald’s Instagram account to promote a bogus memecoin, netting a cool $700,000 in the process. The short-lived scam, dubbed “GRIMACE,” capitalized on the fast-food chain’s iconic purple character and the ongoing memecoin frenzy on the Solana blockchain. The attack unfolded swiftly. Hackers, calling themselves “India_X_Kr3w,”