Robinhood Twitter Account Hacked, Hackers Promote Scam

Vignesh Karunanidhi
Robinhood Twitter Account Hacked, Hackers Promote Scam
Source: FInbold

Robinhood’s Twitter account was compromised earlier when hackers took over the account to promote a scam token. The hacker tried to incentivize the 1.1 million followers of the Robinhood app to invest an in unverified token project with the community.

The now-deleted tweet was promoting the launch of a new scam token called RBH. The hackers sent out the time for the users to buy the token and also mentioned the start price as $0.0005.

Binance’s CZ speaks about the hack

Since the news of the Robinhood Twitter account hack surfaced, it has come to CZ’s attention. On-chain sleuth ZachXBT also tweeted that the scam was funded via Binance. The hacker, in a short period of time, managed to make $7,500 before the tweet was taken down.

CZ tweeted about the event, cautioning users to exercise caution even if the account appears to be genuine. He also mentioned that Binance’s security team has locked the account pending further investigations.

Cryptocurrency hacks and scams are not new. Ever since the popularity and adoption of cryptocurrencies went worldwide, scammers and hackers are trying their best to cash in on the opportunity to make some quick bucks. 2022 also witnessed some of the largest hacks in the history of the industry.