Robinhood confirms Twitter hack that promoted fraudulent crypto token

Robinhood confirmed that a number of of its social media accounts have been breached earlier at present in a press release emailed to CryptoSlate on Jan. 25.

An organization consultant mentioned:

We’re conscious of the unauthorized posts from Robinhood Twitter, Instagram, and Fb profiles, which have been all eliminated inside minutes. Presently, based mostly on our ongoing investigation, we consider the supply of the incident was by way of a 3rd social gathering vendor.

The corporate didn’t state which vendor might have been accountable.

The unauthorized breach noticed Robinhood’s official account promote a Binance Good Chain-based token referred to as $RBH. Although that token exists on-chain, it has no official relationship with Robinhood and seems to exist solely to be used in at present’s rip-off.

Though $RBH has no worth itself, the address that seems to be accountable for the rip-off holds roughly 25.3 BNB ($7,750). Provided that the account was created earlier at present, it’s doubtless that this quantity was earned solely via the Robinhood rip-off.

$RBH’s token contract signifies that simply 61 addresses maintain the fraudulent token.

Binance CEO Changpeng Zhao commented on the incident. He mentioned that Binance has locked an account related to the rip-off and is investigating the matter.

Robinhood permits customers to commerce and use cryptocurrency — together with via its recently-launched self-custody pockets — however has not issued any crypto token of its personal.

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