Robinhood’s Twitter account hacked to advertise shady RBH token sale

    The official Twitter account of commission-free funding platform Robinhood has suffered a attainable hack, with unhealthy actors utilizing it to advertise a Fraudulent crypto venture.

    The account shared a tweet on January 25 asserting the launch of a token dubbed RBH on the Binance Sensible Chain (BSC), with an preliminary worth of $0.005. A evaluate of the token reveals that particulars in regards to the creator and tokenomics don’t exist.

    Certainly, the token’s promotional message dubbed it a revolution in peer-to-peer financial services (decentralized finance) and requested customers to buy RBH on the Pancakeswap peer-to-peer alternate (DEX).

    Pretend crypto venture promoted on Robinhood’s Twitter account. Supply: Robinhood

    Curiously, the announcement was made in at the least two tweets that had been later deleted. Nonetheless, followers of the account had been fast to note the suspicious exercise.

    Robinhood Twitter followers’ response to Fraudulent crypto Con game. Supply: Robinhood.

    cryptocurrency venture not verifiable

    The scammy crypto venture has additionally but to be verified by virtual asset knowledge aggregators, who warned customers to be cautious when coping with the RBH token.

    RBH high-risk warning on Pancakeswap. Supply: Pancakeswap

    “Anyone can create a BEP20 token on Binance Smart Chain with any name, including creating fake versions of existing tokens and tokens that claim to represent projects that do not have a token. If you purchase an arbitrary token, you may be unable to sell it back,” Pancakeswap alternate warned.

    Elsewhere, crypto worth monitoring platform CoinMarketCap indicated that RBH had a complete provide of about 2.9 million tokens. Nonetheless, the location notable that it has not but verified the authenticity of the token.

    CoinMarketCap’s RBH warning. Supply: CoinMarketCap

    As of journalism industry time, Robinhood has not made any official communication concerning the incident.

    It’s value mentioning that instances of crypto scammers leveraging Twitter accounts for distinguished personalities and establishments have been on the rise. Just lately, Brokers reported that the account of tv character Kevin O’Leary was compromised and used to advertise a Fraudulent giveaway.

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