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

Twitter Users Spot Crypto Scam Tweet on Verified Robinhood Account, Company Removes Post
Crypto Security
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Several sources claim that Robinhood's Twitter account was hacked on Wednesday, January 25, 2023. The account published a tweet promoting a chip from the binary smart chain listed on the decentralized pancakeswap exchange. A blockchain analysis shows that the token received less than $1,000 in purchases prior to Robinhood deleting the tweet.

A blockchain analysis shows that the token received less than $1,000 in purchases prior to Robinhood withdrawing the tweet.

Onchain's analysis reveals that the Twitter scam shared by Robinhood's Twitter account has limited impact. Eastern Time, Twitter users were 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.

It can be viewed via an archive.org snapshot and the various screenshots are shared on Twitter. The tweet says: "Reminder, we are launching our new token ($rbh) on the BINANCE intelligent chain. We're going live at 12:00.

You can be one of the first to purchase at a starting price of $0.0005.", that comes from your @robinhoodapp account, also provided a link to the pancakeswap deck, where a binary intelligent string token (bsc) is listed.

The tweet now removed shared by Robinhood's official twitter account on Wednesday. "Oh my God," online Wednesday. "The Robinhood Twitter account got hacked. The tweet, courtesy of @Robinhoodapp, also included a link to the Pancakeswap platform, where the Binance Smart Chain (BSC) token is listed.Robinhood’s official Twitter account appears to have been hacked,” another account remarked on Twitter.

"The official Robinhood Twitter account seems to be hacked," another Twitter account said. Conor grogan, a COINBASE employee who tweets about onchain moves as a pastime, also about scamming. Conor Grogan, a Coinbase employee who tweets about onchain moves like a pastime, also about scamming. "It looks as though Robinhood's social networks have been hacked," noted the onchain researcher on Twitter.

"They only had ~10 people to bite off the fraud chip before the link was removed." “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 that people who hurry have seen the volume skyrocket and are looking for strong sensations. Twitter account @robinhoodapp has not yet tweeted about the issue or confirmed if the account has been hacked or not. The total number of followers on the social media platform is 1.1 million.

This story is being worked on and could be updated later. In your opinion, what should be done to prevent this type of piracy and scam on social media platforms?