The official Twitter account of commission-free trading app Robinhood was hacked for promoting a fraudulent token called RBH on BNB Chain. Binance CEO Changpeng Zhao made a statement on the incident and warned users.
How did the Robinhood hack evolve?
cryptocoin.com As you follow, Hackers hijacked Robinhood’s Twitter account to promote the scam token One tweet after it was removed, Robinhood’s 1.1 million Twitter followers, $0.0005 for a token called ‘RBH’ on BNB Chain called to pay. An unknown group or individual hacked the Twitter account behind Robinhood, the crypto and stock trading platform, to force users to buy a ‘new’ token.
Many crypto Twitter users reported on January 25 that Robinhood posted a tweet urging 1.1 million followers to pay $0.0005 each for a token called ‘RBH’ on BNB Chain. Binance CEO Changpeng Zhao reported that the company’s security team has locked the linked account ‘for further investigation’ in a tweet.
Robinhood presumably hacked pic.twitter.com/UgRD3UCbo9
— db (@tier10k) January 25, 2023
While the app facilitates the sale of many cryptocurrencies, Robinhood does not have a token directly linked to the platform, as RBH falsely claims.
Binance CEO CZ took note of the incident and warned
Of course, the BNB Chain-based token is just a ‘Honey Pot’ scam. This means that holders of RBH tokens cannot actually sell or transfer them after making a purchase. Fortunately, few people seem to have participated in the scam before the fake link posted by Robinhood’s Twitter account was shut down.
According to on-chain detective ZachXBT, the attacker only managed to earn 23.5 BNB (about $7,000). Meanwhile, Binance CEO Changpeng Zhao took note and urged users to always think critically, even if the account ‘looks real or real’. In this context, Binance CEO made the following statement:
Our security team also noticed this and blocked the account in question until further investigation.
Our security team also noticed that and have locked the account pending further investigations.
— CZ 🔶 Binance (@cz_binance) January 25, 2023
It’s not uncommon for Twitter accounts to be hijacked by hackers seeking to promote cryptocurrency scams. It has happened many times in the past, with scammers taking advantage of hacked accounts to send tweets with malicious links that could lead to phishing attacks or malware downloads. As is often the case with online scams, most of these scams involve persuading users to give up their money through attractive offers like free crypto.
Users should be careful when it comes to online activities to protect themselves from such schemes. He should also regularly verify that any link given on Twitter is legitimate before clicking it.
