February 04, 2023




Home Bitcoin News Bitcoin Scam Hackers take over Robinhood’s Twitter account to advertise rip-off token – Cointelegraph

Hackers take over Robinhood’s Twitter account to advertise rip-off token – Cointelegraph

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A since-removed tweet referred to as on Robinhood’s 1.1 million Twitter followers to every pay $0.0005 for a token referred to as ‘RBH’ on the Binance Sensible Chain.

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An unknown group or particular person has hacked the Twitter account behind crypto and inventory buying and selling platform Robinhood to push customers to purchase a ‘new’ token.

Many Crypto Twitter customers reported on Jan. 25 that Robinhood had posted a tweet calling on its 1.1 million followers to every pay $0.0005 for a token referred to as ‘RBH’ on the Binance Sensible Chain. Conor Grogan, the top of product enterprise operations at Coinbase, reported no less than 10 folks had bought roughly $1,000 price of the rip-off token earlier than the tweet was eliminated.

Probably because of the invocation of Binance, CEO Changpeng Zhao reported the corporate’s safety staff had locked the account linked within the tweet “pending additional investigations”. On the time of publication, the tweet was now not seen on Robinhood’s account. A Robinhood spokesperson informed Cointelegraph that the hacker — believed to be a “third social gathering vendor” — had made posts on the platform’s Instagram and Fb profiles as effectively.

“All the time have essential considering even [if] the account seems or is actual,” said CZ.

Although the app facilitates the sale of many cryptocurrencies, Robinhood doesn’t have a token immediately tied to the platform as RBH falsely claimed. Buyers should buy publicity to the corporate by shares of HOOD listed on Nasdaq at roughly $9.71 on the time of publication.

Associated: Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

A significant hack of many high profile Twitter accounts in July 2020 was used to rip-off customers out of Bitcoin (BTC) by promising to ship again double any crypto acquired. Tesla CEO Elon Musk has since bought the social media platform and enacted many policies criticized by customers, business leaders, and lawmakers.

This text was up to date on Jan. 25 to incorporate a press release from Robinhood.

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