​Robinhood’s social media accounts were hacked to promote the RBH scam token

What’s new? On January 25, hackers hacked into the Twitter account of online broker Robinhood and posted a tweet advertising the launch of the scam token RBH on the BNB Chain via the PancakeSwap decentralized exchange (DEX). The attackers gave a start time of the auction and a starting price of $0,0005. They also posted messages on the company’s Instagram and Facebook. Robinhood officials reported in a comment to Decrypt that the posts were deleted within minutes. According to a preliminary internal investigation, a third-party infrastructure provider is the culprit behind the incident.

Robinhood presumably hacked pic.twitter.com/UgRD3UCbo9 — db (@tier10k) January 25, 2023

More details about the situation. According to data shared by on-chain sleuth ZachXBT, the scammers were able to get 26,95 Binance’s native tokens, BNB, (~$8295).

Scam was funded via Binance https://t.co/zsDJwCiEDe — ZachXBT (@zachxbt) January 25, 2023

ZachXBT noted that the wallet through which the scam was committed is hosted on Binance. The exchange’s CEO Changpeng Zhao responded by saying that the account had been blocked for further investigation.

Our security team also noticed that and have locked the account pending further investigations. — CZ 🔶 Binance (@cz_binance) January 25, 2023

Zhao also warned users to exercise caution even if the account appears to be genuine.

Looks like Robinhood account got hacked and was promoting a coin on BNB Chain. Always have critical thinking even is the account looks or is real. https://t.co/XSwHIVdEdw — CZ 🔶 Binance (@cz_binance) January 25, 2023

What is known about Robinhood? The online broker was founded in 2012, it provides investors with access to financial markets and allows them to trade stocks, ETFs, options, cryptocurrencies, and share fractions. There are no fees for trading on the platform. The company’s stock trades under the ticker HOOD on the US Nasdaq Stock Exchange. As of January 26, the value per security is $9,69, down by 0,21% in 24 hours (according to Investing.com). In January, one of Robinhood’s shareholders, Sam Bankman-Fried, former CEO of the bankrupt FTX exchange, refused to sell his stake to repay creditors.

Kevin O’Leary’s Twitter account was also hacked on December 29. The hackers posted links to fake BTC and ETH giveaways, claiming on behalf of the businessman that he was willing to share some of his earnings.

In October, hackers took over the Twitter account of the Gate exchange, placing a link to a phishing site in the profile description. They also urged users to connect their wallets to participate in the fake airdrop.