Fun

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

News Feed - 2023-01-26 05:01:17

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


According to multiple sources, the Twitter account of Robinhood was allegedly hacked on Wednesday, Jan. 25, 2023. The account posted a tweet promoting a Binance Smart Chain token listed on the Pancakeswap decentralized exchange. An analysis of the situation on the blockchain shows that the token received fewer than $1,000 in purchases before Robinhood removed the tweet. Onchain Analysis Reveals Limited Impact of Scam Tweet Shared by Robinhood’s Twitter Account


On Wednesday afternoon around 12:30 p.m. Eastern Time, Twitter users were discussing how Robinhood’s verified Twitter account, @Robinhoodapp, which carries a gold checkmark, posted a scam tweet. Robinhood has since deleted the tweet, but it can be viewed via an archive.org snapshot and the various screenshots being shared on Twitter.


The tweet read: “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, also included a link to the Pancakeswap platform, where the Binance Smart Chain (BSC) token is listed. The now-deleted tweet shared by the official Robinhood Twitter account on Wednesday.


“Oh my God,” one Twitter user 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 individual added. “Robinhood’s official Twitter account appears to have been hacked,” another account remarked on Twitter.


Conor Grogan, an employee at Coinbase who tweets about onchain movements as a hobby, also tweeted about the scam. “Looks like Robinhood’s social media was hacked,” the onchain researcher noted on Twitter. “They only got ~10 people to bite on the scam token before the link was taken down.” Grogan added: So far the token has only seen [less than] $1000 in purchases. I imagine people crowding in now saw the volume spike and are looking for a thrill.


The @Robinhoodapp Twitter account has not yet tweeted about the issue or confirmed whether or not the account was hacked. The account has a total of 1.1 million followers on the social media platform. This story is developing and may be updated at a later time. Tags in this story Analysis, Binance Smart Chain, Coinbase, comments, Conor Grogan, Crypto, decentralized exchange, Employee, followers, gold checkmark, Hacking, hobby, hobbyist, incident, LiNK, Onchain, Pancakeswap, prevent, removed, Robinhood, robinhood app, Robinhood Twitter, Scam, scam token, scamming, Security, share, Social Media, thoughts, Token, tweets, Twitter, Twitter Robinhood, verified account


What do you think should be done to prevent such incidents of hacking and scamming on social media platforms? Share your thoughts in the comments below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals NEWS | 1 hour ago Unredacted Financial Documents Show Blockfi"s $1.2 Billion Connection With FTX, Alameda Research  NEWS | 9 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCrypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens Next articleCelsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, 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 in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

US lawmakers send a letter to OpenAI requesting government access
Vince Quill5 hours agoUS lawmakers send a letter to OpenAI requesting government accessCongressional Democrats asked the AI firm, “What is the percentage of computing resources that OpenAI is dedicating to AI safety re
SUI Uptick Sparks Hope, But Is This Fleeting Recovery?
Este artículo también está disponible en español. Sui (SUI) is showing signs of a potential reboundas its price climbs above the $2.80 mark, sparking optimism among trade
Mastercard Views Crypto More as Asset Class Than Form of Payment
Mastercard Views Crypto More as Asset Class Than Form of Payment Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant&#
Gareth Jenkinson11 hours agoAnimoca still bullish on blockchain games, awaits license for metaverse fundAnimoca Brands co-founder Yat Siu expects a number of its blockchain gaming investments to come to market by the end
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in cry
Dogecoin Core reproducibility update ‘imminent’
Amaka Nwaokocha13 hours agoDogecoin Core reproducibility update ‘imminent’The Dogecoin Core client is essential for several functions, including participating in the network and validating and relaying transactions.4
Crypto Custody Firm Fireblocks Launches Web3 Services Suite
Crypto Custody Firm Fireblocks Launches Web3 Services Suite Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of We
Russian Crypto Industry Association Asks Putin to Help With Regulations
Russian Crypto Industry Association Asks Putin to Help With Regulations The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regul
macOS of blockchains? Solana captures 60% of new DEX volume in May
Ana Paula Pereira6 hours agomacOS of blockchains? Solana captures 60% of new DEX volume in MaySolana’s market share on decentralized exchanges rose from 0% in early 2021 to 24% in May 2024, thanks to a similar approach
Bitcoin Advanced NVT Shows No Signs Of Slowing Bullish Momentum – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State
CryptoBiz Exchange Launches in India
CryptoBiz Exchange Launches in India Recently, cryptocurrency trading in India has spiked and grown at an unprecedented level. As the Bitcoin rallies and grows s