Twitter Users Spot Crypto Scam Tweet on Verified Robinhood Account, Company Removes Post – Bitcoin News

In accordance with a number of sources, the Twitter account of Robinhood was allegedly hacked on Wednesday, Jan. 25, 2023. The account posted a tweet selling a Binance Good Chain token listed on the Pancakeswap decentralized trade. An evaluation of the state of affairs on the blockchain reveals that the token acquired fewer than $1,000 in purchases earlier than Robinhood eliminated the tweet.

Onchain Evaluation Reveals Restricted Influence of Scam Tweet Shared by Robinhood’s Twitter Account

On Wednesday afternoon round 12:30 p.m. Japanese Time, Twitter customers had been discussing how Robinhood’s verified Twitter account, @Robinhoodapp, which carries a gold checkmark, posted a rip-off tweet. Robinhood has since deleted the tweet, however it may be seen through an archive.org snapshot and the varied screenshots being shared on Twitter.

The tweet learn: “Reminder, we are launching our NEW TOKEN ($RBH) on the Binance Smart Chain. Will be live at 12 AM EST. You can be among the first to buy at a starting price of $0.0005.” The tweet, which originated from the @Robinhoodapp account, additionally included a hyperlink to the Pancakeswap platform, the place the Binance Good Chain (BSC) token is listed.

The now-deleted tweet shared by the official Robinhood Twitter account on Wednesday.

“Oh my God,” one Twitter consumer wrote on Wednesday. “Robinhood’s Twitter account has been hacked. They are posting links for a crypto giveaway sh**. Nobody is safe in this world,” the person added. “Robinhood’s official Twitter account appears to have been hacked,” one other account remarked on Twitter.

Conor Grogan, an worker at Coinbase who tweets about onchain actions as a passion, additionally tweeted in regards to the rip-off. “Looks like Robinhood’s social media was hacked,” the onchain researcher famous on Twitter. “They only got ~10 people to bite on the scam token before the link was taken down.” Grogan added:

To date the token has solely seen [less than] $1000 in purchases. I think about individuals crowding in now noticed the quantity spike and are searching for a thrill.

The @Robinhoodapp Twitter account has not but tweeted in regards to the subject or confirmed whether or not or not the account was hacked. The account has a complete of 1.1 million followers on the social media platform. This story is growing and could also be up to date at a later time.

Tags on this story

Evaluation, Binance Good Chain, Coinbase, feedback, Conor Grogan, Crypto, decentralized trade, Worker, followers, gold checkmark, Hacking, passion, hobbyist, incident, LiNK, Onchain, Pancakeswap, stop, eliminated, Robinhood, robinhood app, Robinhood Twitter, Scam, rip-off token, scamming, Safety, share, Social Media, ideas, Token, tweets, Twitter, Twitter Robinhood, verified account

What do you assume needs to be accomplished to stop such incidents of hacking and scamming on social media platforms? Share your ideas within the feedback under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com News in regards to the disruptive protocols rising at present.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.