Robinhood, the popular commission-free trading platform, had its social media platforms hijacked, with the hacker using them to post links to a scam token launched on the Binance Smart Chain (BSC).
Robinhood’s Social Media Accounts Hijacked
There were multiple reports on Wednesday, January 25th, that the Twitter account of Robinhood was hacked and used to post a scam token $RBH, a new Robinhood token issued on BSC and sold on Pancakeswap.
Robinhood would confirm the incident, adding that its official Facebook and Instagram accounts were also hijacked for the same reason. However, the posts across all its social media accounts have been taken down.
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Analytics posted by the popular internet sleuth ZackXBT on the address linked to the $BRH token shows that the scammers made off with 26.95 BNB tokens, around $8,200.
Binance Blocks Account Linked to the Token
The post quickly spread on Twitter, catching the attention of Binance and its CEO Changpeng Zhao. The Binance boss would later tweet that the exchange had blocked the account used for the scam.
Our security team also noticed that and have locked the account pending further investigations.
— CZ 🔶 Binance (@cz_binance) January 25, 2023
CZ also advised crypto Twitter to “always have critical thinking even [if] the account looks or is real.” According to Robinhood, the incident happened via a third-party vendor.
On the Flipside
- Although Robinhood facilitates the purchase of many cryptocurrencies via its platform, the company does not have a token, as the hacker falsely claimed.
Why You Should Care
Although crypto hacks are becoming commonplace, individuals can avoid them by confirming offers and ads before buying into them.
Find out why you should be more vigilant on Twitter below:
Crypto Phishing Scams Likely Coming as Hacker Leaks Emails of 235M Twitter Users
Read about Robinhood’s latest launch below:
Robinhood Launches Upgraded Wallet Amid Shares Controversy
