GRIMACE: McDonald's Falls Victim to Crypto Scam!

Even the largest companies are not spared. McDonald’s, the global fast-food giant, was recently the victim of a spectacular hack. Hackers took control of the company’s Instagram account to promote a crypto scam, raking in around 700,000 dollars.

A well-orchestrated crypto scam

On Wednesday morning, surprising posts were spotted on McDonald’s Instagram account, as well as on the Twitter account of Guillaume Huin, the company’s senior marketing director. These messages promoted a new token named GRIMACE, created on the Solana blockchain via the Pump.fun platform.

“We appreciate all the support for Grimace”, read one post, accompanied by an image of the iconic purple character. These messages aimed to encourage users to engage with this crypto asset, even promising that McDonald’s would follow their Instagram accounts in exchange for their support.

Within a few minutes, the price of the GRIMACE token soared by 195,000%. This meteoric rise abruptly halted when the token’s creators drained the liquidity, reducing its value to almost zero. The hackers then modified McDonald’s Instagram account biography to declare: “You have been scammed. Thanks for the 700,000 dollars in Solana.” According to the startup Bubblemaps, these hackers used multiple addresses to acquire 75% of the tokens before dispersing them into a hundred different wallets, thus making a significant profit.

McDonald’s reaction to the situation

McDonald’s regained control of its Instagram account more than an hour after the attack began. The company deleted all posts related to the GRIMACE token. However, it was slow to officially comment on the incident. This delay in crisis management left the crypto community puzzled and highlighted the challenge for large companies to effectively handle digital attacks. The fact that the scammers left a thank you message on the Instagram account, clearly indicating their gain, adds a provocative touch to the attack.

Although McDonald’s has launched several initiatives in the crypto world, such as the McRib and Grimace NFTs, this attack shows that digital security remains a major concern. The hackers also used a Telegram group to publish additional content, demonstrating sophisticated planning and strategic use of social media to maximize their profit.

The crypto scam orchestrated against McDonald’s reveals a worrying vulnerability in the security of companies against cyber threats. This attack should prompt all organizations to strengthen their digital security and be more vigilant against potential threats.