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Home Scam Alert

Robinhood confirms Twitter hack that promoted fraudulent crypto token

by cryptostandard
January 25, 2023
in Scam Alert
Reading Time: 1 min read
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Robinhood confirmed that a number of of its social media accounts had been breached earlier at present in a press release emailed to CryptoSlate on Jan. 25.

An organization consultant mentioned:

We’re conscious of the unauthorized posts from Robinhood Twitter, Instagram, and Fb profiles, which had been all eliminated inside minutes. Right now, based mostly on our ongoing investigation, we consider the supply of the incident was by way of a 3rd celebration vendor.

The corporate didn’t state which vendor might have been accountable.

The unauthorized breach noticed Robinhood’s official account promote a Binance Sensible Chain-based token referred to as $RBH. Although that token exists on-chain, it has no official relationship with Robinhood and seems to exist solely to be used in at present’s rip-off.

Though $RBH has no worth itself, the tackle that seems to be accountable for the rip-off holds roughly 25.3 BNB ($7,750). On condition that the account was created earlier at present, it’s probably that this quantity was earned totally by the Robinhood rip-off.

$RBH’s token contract signifies that simply 61 addresses maintain the fraudulent token.

Binance CEO Changpeng Zhao commented on the incident. He mentioned that Binance has locked an account linked to the rip-off and is investigating the matter.

Robinhood permits customers to commerce and use cryptocurrency — together with by its recently-launched self-custody pockets — however has not issued any crypto token of its personal.





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Tags: Bitcoin NewsConfirmsCryptoCrypto NewsCrypto StandardCrypto UpdatesFraudulenthackLatest Bitcoin NewsPromotedRobinhoodTokenTwitter
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