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.

Robinhood’s official Twitter account shared the now-deleted tweet on Wednesday.

“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 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 media platform. This story is in development and may be updated at a later date.

See also  Ethereum’s Move to Proof-of-Stake Consensus Has Users Worried About Possibility of Protocol-Level Censorship – Bitcoin News

tags in this story

Analysis, Binance Smart Chain, Coinbase, Review, Conor Grogan, Crypto, Decentralized Exchange, Staff, Followers, Gold Checkmark, Hack, Hobbies, Enthusiasts, Events, Links, Onchain, Pancakeswap, Prevention , delete, Robinhood, robinhood app, Robinhood Twitter, scam, scam token, scam, security, share, media, idea, token, tweet, Twitter, Twitter Robinhood, verified account

What do you think should be done to prevent such hacks and scams from happening on media platforms? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 for Bitcoin.com News about the disruptive protocols emerging today.

image credits: Shutterstock, Pixabay, Wiki Commons

disclaimer: This article is for reference only. It is a direct offer or solicitation of an offer to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned herein.

By Rebecca French

Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...