Robinhood confirmed that a number of of its social media accounts have been breached earlier immediately in a press release emailed to CryptoSlate on Jan. 25.
An organization consultant stated:
We’re conscious of the unauthorized posts from Robinhood Twitter, Instagram, and Fb profiles, which have been all eliminated inside minutes. At the moment, based mostly on our ongoing investigation, we imagine the supply of the incident was by way of a 3rd celebration vendor.
The corporate didn’t state which vendor might have been accountable.
The unauthorized breach noticed Robinhood’s official account promote a Binance Sensible Chain-based token referred to as $RBH. Although that token exists on-chain, it has no official relationship with Robinhood and seems to exist solely to be used in immediately’s rip-off.
Though $RBH has no worth itself, the handle that seems to be answerable for the rip-off holds roughly 25.3 BNB ($7,750). On condition that the account was created earlier immediately, it’s seemingly that this quantity was earned completely by the Robinhood rip-off.
$RBH’s token contract signifies that simply 61 addresses maintain the fraudulent token.
Binance CEO Changpeng Zhao commented on the incident. He stated that Binance has locked an account linked to the rip-off and is investigating the matter.
Robinhood permits customers to commerce and use cryptocurrency — together with by its recently-launched self-custody pockets — however has not issued any crypto token of its personal.
