Twitter Users Discover Crypto Scam Tweet On Verified Robinhood Account, Company Removes Post – Bitcoin News

According to multiple sources, Robinhood’s Twitter account was allegedly hacked on Wednesday January 25, 2023. The account posted a tweet promoting a Binance Smart Chain token listed on decentralized exchange Pancakeswap. Analysis of the situation on the blockchain shows that the token received less than $1,000 in purchases before Robinhood removed the tweet.

Onchain analysis shows limited impact of a deceptive tweet shared from Robinhood’s Twitter account

As of Wednesday afternoon around 12:30 p.m. Eastern time, Twitter users were to discuss like Robinhood’s verified Twitter account, @robinhoodappwearing a gold tick posted a scam tweet. Robinhood has since deleted the tweet but can be viewed via an snapshot and the various screenshots shared on Twitter.

The tweet read: “Reminder, we are launching our NEW TOKEN ($RBH) on Binance Smart Chain. Will be live at 12pm EST. You can be among the first to buy at a starting price of $0.0005.” The tweet, which originated from the @Robinhoodapp account, also included a link to the pancakeswap platform, which hosts the Binance Smart Chain (BSC) token is listed.

The now-deleted tweet was shared by the official Robinhood Twitter account on Wednesday.

“Oh my god,” one Twitter user wrote On Wednesday. “The Robinhood Twitter account was hacked. They post links for a crypto giveaway. No one is safe in this world,” the person added. “Robinhood’s official Twitter account appears to have been hacked,” another account noticed on twitter.

So did Conor Grogan, a Coinbase contributor who tweets about onchain movements as a hobby tweeted about the scam. “Looks like Robinhood’s social media has been hacked,” the onchain researcher noted on Twitter. “They only got about 10 people to bite the scam token before the link went down.” Grogan added:

So far, the token has only seen [less than] $1000 in purchases. I imagine the people crowding in now have seen the volume increase and are looking for thrills.

Twitter account @Robinhoodapp has not yet tweeted about the issue or confirmed whether or not the account was hacked. The account has a total of 1.1 million followers on the social media platform. This story is evolving and may be updated at a later date.

tags in this story

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What do you think should be done to prevent such incidents of hacking and fraud on social media platforms? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news director at News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about today’s emerging disruptive protocols.

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