Top Stories of The Week
Partner of ex-FTX exec hit with campaign finance charges
United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law.
In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate contribution, and causing and receiving a conduit contribution.
The unnamed co-conspirator — Bond’s “romantic partner” and a “high-level executive at a now-defunct cryptocurrency exchange,” likely referring to Salame — allegedly arranged a $400,000 payment from the firm to Bond. Prosecutors alleged she made false statements to the Federal Election Commission and a congressional committee to conceal her and her co-conspirator’s conduct.
McDonald’s Instagram hackers make $700K shilling Grimace memecoin
Scammers who hacked the official McDonald’s Instagram page on Aug. 21 made off with over $700,000 in Solana after using the fast food giant’s social media page to promote and rug-pull a memecoin called “GRIMACE.”
According to screenshots shared on X, the McDonald’s Instagram page made a series of posts promoting a sham token based on the fast food chain’s purple mascot, Grimace.
Several posts described the sham memecoin as a “McDonald’s experiment on Solana,” which was blasted to its 5.1 million followers around the world.
According to data from blockchain analytics service Bubblemaps, the hacker first used Solana memecoin deployer pump.fun to snap up 75% of the total circulating supply of the Grimace token before splitting it between roughly 100 different wallets.
Following the posts from the official…
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