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Robinhood’s Twitter account was allegedly hacked on Wednesday, January 25, 2023, according to multiple sources. The account posted a tweet promoting the listing of the Binance Smart Chain token on the Pancakeswap decentralized exchange. Analysis of the blockchain situation shows that the token received less than $1,000 in purchases before Robinhood deleted the tweet.
On-Chain Analysis Shows Limited Impact of Scam Tweet Shared by Robinhood’s Twitter Account
Around 12:30 p.m. ET on Wednesday, Twitter user discuss how robinhood verifies twitter account, @RobinhoodappThe one with the gold checkmark, posted a scam tweet. Robinhood has since deleted the tweet, but it can be found via archive.org snapshot And various screenshots shared on Twitter.
The tweet reads: “Reminder, we are launching our new token ($RBH) on Binance Smart Chain. Live stream at 12AM ET. You can be one of the first to buy starting at $0.0005 .” The tweet, sourced from the @Robinhoodapp account, also included a link to the Pancakeswap platform, which lists Binance Smart Chain (BSC) tokens.
“Oh my God,” tweeted one Twitter user wrote Wednesday. “Robinhood’s twitter account was hacked. They’re posting links to crypto giveaway sh**. No one is safe in this world,” the person added. “Robinhood’s official Twitter account appears to have been hacked,” another Remark on twitter.
Conor Grogan, a Coinbase employee who tweets about on-chain movement as a hobby, tweets About the scam. “Looks like Robinhood’s social media was hacked,” the on-chain researcher noted on Twitter. “They only had about 10 people biting the scam token before the link was removed.” Grogan added:
Currently the token has only been seen [less than] $1000 purchase. I think the people who are coming in now are seeing the volume surge and are looking for excitement.
The @Robinhoodapp Twitter account has yet to tweet about the issue or confirm whether the account was hacked. The account has a total of 1.1 million followers on the social media platform. This story is in development and may be updated at a later date.
What do you think should be done to prevent such hacks and scams from happening on social media platforms? Share your thoughts in the comments below.
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