Robinhood exchange’s Twitter account was taken over by hackers who wanted to commit fraud. Hackers shared incentives to help a cryptocurrency project whose credibility was uncertain on the account with 1.1 million followers.
The now-deleted tweet promoted the launch of a new fraudulent token called RBH. The hackers posted the time users bought the token and also stated the starting price as $0.0005.
Robinhood presumably hacked pic.twitter.com/UgRD3UCbo9
— db (@tier10k) January 25, 2023NEWS CONTINUES BELOW
Binance CEO Speaks About Robinhood Incident
With the news that the Robinhood Twitter account was hacked, Binance CEO CZ also drew attention to the incident. ZachXBT also tweeted that the scam was funded by a token on the Binance Chain. The hacker managed to earn $7,500 in a short time before the tweet was removed.
Looks like Robinhood account got hacked and was promoting a coin on BNB Chain. Always have critical thinking even is the account looks or is real. https://t.co/XSwHIVdEdw
— CZ 🔶 Binance (@cz_binance) January 25, 2023
CZ tweeted about the incident, warning users to be careful even if the account appears to be real. He also stated that Binance’s security team has locked the account pending further investigation.
Cryptocurrency hacks and scams are not new. Since the popularity and adoption of cryptocurrencies has become widespread around the world, scammers and hackers are trying every possible way. As Koinfinans.com reported, 2022 also witnessed some of the biggest hacking events in the industry’s history.