Jump to content

Robinhood’s Twitter hacked, users tricked into buying fraudulent crypto project


Recommended Posts

Robinhood's Twitter account was hacked earlier on Wednesday and used to promote a fraudulent crypto project.


The hackers announced the launch of a new token called $RBH, which they said was available on the Binance Smart Chain for $0.0005.


According to data from Blockchain explorer, around 25 people purchased the scam token before the link was taken down. The total amount purchased was less than $8,000.


After the hack was identified, some Twitter users noticed that transactions had been sent to the phoney account via Binance Hot Wallets. In response, Binance's CEO, Changpeng Zhao, or CZ, tweeted about the hack, stating that "our security team also noticed that and have locked the account pending further investigations."


Crypto hacks accelerated rapidly in 2022, topping a total of $3 billion in total funds loss throughout the year, according to a report from Chainanalysis.


Update: This story was updated with information about CZ's response to the hack.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...