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Fraudsters hacked McDonald's Instagram account and stole more than $700,000. They used this account to promote and then scam a memecoin called "Grimace". The posts were later deleted.

This incident highlights the vulnerabilities of social media accounts and the need for enhanced security measures. It's crucial for brands to protect their online presence to prevent such scams.

Scams in the crypto world are unfortunately common. Always be cautious and do thorough research before investing in any project, especially if it's being promoted through unconventional channels like social media takeovers. Stay safe out there!

Incredible! Social media security is so crucial these days.