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

by Jeremy

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 BNB Good Chain. Conor Grogan, the top of product enterprise operations at Coinbase, reported that at the least 10 folks had bought roughly $1,000 value of the rip-off token earlier than the tweet was eliminated.

Possible 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 instructed Cointelegraph that the hacker — believed to be a “third occasion vendor” — had made posts on the platform’s Instagram and Fb profiles as effectively.

“At all times have essential pondering even [if] the account appears to be like or is actual,” stated CZ.

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

Associated: Robinhood shares claimed by BlockFi and FTX might transfer to a impartial dealer

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

This text was up to date on Jan. 25 to incorporate an announcement from Robinhood.