Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

McDonald's Instagram Hack: Exploiters Stole $700K After Shilling Fake Grimace Token

Hackers took over McDonald's Instagram account Wednesday to promote scam token $GRIMACE. (Credit: AFP)

KEY POINTS

  • Bubblemaps said the hackers owned 75% of the scam token's total supply
  • McDonald's said it was aware of an "isolated incident" that affected its social media handles
  • So far this year, the McDonald's Instagram hacking is the third high-profile incident related to shilling a memecoin

In the vast world of blockchain and cryptocurrencies where token-related scams are rife, hackers took over a food chain giant's social media page to shill and ultimately dump a fake memecoin based on a character made popular by the food behemoth.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.