Wintrust Business Minute: The McDonald’s Instagram account was hacked

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The Instagram account of McDonald’s was hacked Wednesday as part of a scam involving cryptocurrency. Bloomberg reports it involved the blockchain platform Solana and a coin named after the McDonald’s mascot Grimace. A screenshot showed a post that suggested participants were scammed out of $700,000. The coin scheme solicits buyers and when it reaches a certain level, creators dump their holdings and make off with a profit. The schemes usually target celebrities, influencers and major corporations. McDonald’s called it an isolated incident and apologized.

Also, a Chicago-based healthcare startup has landed new funding to help with its growth. Listen for more below:

https://serve.castfire.com/audio/5917045/5917045_2024-08-22-213445.64kmono.mp3

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