{"id":16891,"date":"2023-01-25T21:05:53","date_gmt":"2023-01-25T21:05:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/twitter-users-spot-crypto-scam-tweet-on-verified-robinhood-account-company-removes-post-bitcoin-news\/"},"modified":"2023-01-25T21:05:53","modified_gmt":"2023-01-25T21:05:53","slug":"twitter-users-spot-crypto-scam-tweet-on-verified-robinhood-account-company-removes-post-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/twitter-users-spot-crypto-scam-tweet-on-verified-robinhood-account-company-removes-post-bitcoin-news\/","title":{"rendered":"Twitter Users Spot Crypto Scam Tweet on Verified Robinhood Account, Company Removes Post \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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.<\/strong><\/p>\n

Onchain Analysis Reveals Limited Impact of Scam Tweet Shared by Robinhood\u2019s Twitter Account<\/h2>\n

On Wednesday afternoon around 12:30 p.m. Eastern Time, Twitter users were discussing<\/a> how Robinhood\u2019s verified Twitter account, @Robinhoodapp<\/a>, 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<\/a> and the various screenshots being shared on Twitter.<\/p>\n

The tweet read: \u201cReminder, 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.\u201d 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.<\/p>\n

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The now-deleted tweet shared by the official Robinhood Twitter account on Wednesday.<\/figcaption><\/figure>\n

\u201cOh my God,\u201d one Twitter user wrote<\/a> on Wednesday. \u201cRobinhood\u2019s Twitter account has been hacked. They are posting links for a crypto giveaway sh**. Nobody is safe in this world,\u201d the individual added. \u201cRobinhood\u2019s official Twitter account appears to have been hacked,\u201d another account remarked<\/a> on Twitter.<\/p>\n

Conor Grogan, an employee at Coinbase who tweets about onchain movements as a hobby, also tweeted<\/a> about the scam. \u201cLooks like Robinhood\u2019s social media was hacked,\u201d the onchain researcher noted on Twitter. \u201cThey only got ~10 people to bite on the scam token before the link was taken down.\u201d Grogan added:<\/p>\n

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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.<\/p>\n<\/blockquote>\n

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.<\/p>\n

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Analysis<\/a>, Binance Smart Chain<\/a>, Coinbase<\/a>, comments<\/a>, Conor Grogan<\/a>, Crypto<\/a>, decentralized exchange<\/a>, Employee<\/a>, followers<\/a>, gold checkmark<\/a>, Hacking<\/a>, hobby<\/a>, hobbyist<\/a>, incident<\/a>, LiNK<\/a>, Onchain<\/a>, Pancakeswap<\/a>, prevent<\/a>, removed<\/a>, Robinhood<\/a>, robinhood app<\/a>, Robinhood Twitter<\/a>, Scam<\/a>, scam token<\/a>, scamming<\/a>, Security<\/a>, share<\/a>, Social Media<\/a>, thoughts<\/a>, Token<\/a>, tweets<\/a>, Twitter<\/a>, Twitter Robinhood<\/a>, verified account<\/a><\/div>\n<\/div>\n

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.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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