Hackers took control of Robinhood's social media accounts on Monday, trying to get customers to buy a fake cryptocurrency token called $RBH.
They mostly failed however, with less than $8,000 collected from about 25 would-be buyers. Only $1,000 had been collected by the time the post was removed a few minutes later. On Twitter, the 11:57 a.m. post offered a "reminder" of the new token launch three minutes later on decentralized exchange PancakeSwap, telling Robinhood customers "you can be among the first to buy at a starting price of $0.0005.""We're aware of the unauthorized posts from Robinhood Twitter, Instagram, and Facebook profiles, which were all removed within minutes.
The low return from hacking a major site like Robinhood garnered some scorn on Twitter, with one reply to Grogan's post saying:But for the complexity of a honeypot token, there were some amateur mistakes. Notably, the tweet said that $RBH was launched on the Binance Smart Chain — which was renamed BNB Chain last February. Something you'd expect a site like Robinhood to know. But not a new or casual crypto buyer.
On-chain scam investigator ZachXBT tweeted that the scam sent funds through Binance hot wallets, leading CEO Changpeng "CZ" Zhao to reply that the exchange's "security team also noticed that and have locked the account pending further investigations."0 people liked this article
That's definitely troubling news. It shows how vulnerable even well-known companies can be to cyber attacks and underscores the importance of taking steps to protect yourself from potential scams
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