Cryptocurrency exchange Finance acted as the host of a wallet used to receive fraudulently obtained funds. A scan of the Binance Smart Chain published by Internet Detective ZackXBT reveals that the hackers successfully stole 26.95 BNB tokens, equivalent to a value of around $8,200.
The Twitter handle of US-based brokerage Robinhood Markets was hacked (1) by hackers who advertised fraudulent RBH tokens on the Binance Smart Chain using the PancakeSwap decentralized exchange. Robinhood Markets Inc. is a company based in the United States.
Yesterday, many of the 1.1 million people following the Robinhood Twitter account reported receiving fraudulent RBH tokens at $0.0005 each.
It was this information that led to the discovery of the hacking attack. 10 customers fell for the scam and spent around $1,000 on RBH before the fraudulent token was removed.
It is worth noting that additional Robinhood social media accounts have also been hacked. A crypto currency exchange called Binance acted as the host of the wallet used to receive the fraudulently obtained funds.
A scan of the Binance Smart Chain published by Internet Detective ZackXBT reveals that the hackers successfully stole 26.95 BNB tokens, equivalent to a value of around $8,200.
Statement by Robin Hood:
“We are aware of illegal posts from Robinhood profiles on Twitter, Instagram, and Facebook, and these posts were removed within minutes of being posted. At this point, based on the findings of our ongoing investigation, we have reason to believe the issue originated with a third-party vendor.”
Immediately after the warning, Finance froze Robinhood’s account. Further investigations will be conducted.
Scams on Twitter
The prevalence of fraudulent activities on social media platforms, especially Twitter, is increasing. Twitter is one of the social networks with the most users worldwide.
In 2020, a 17-year-old used very straightforward social engineering to hack into the Twitter accounts of Microsoft Corporation co-founders Bill Gates and Joe Biden.
At that time, we revealed that other prominent individuals and organizations had fallen prey to significant Bitcoin (BTC) fraud.
Amazon CEO Jeff Bezos, former US President Barack Obama, Kanye West and others were there. As it turned out, the attack on Twitter netted the hackers a total of $121,000 worth of Bitcoin.
Scammers noticed a move by Elon Musk in 2022, when he installed Twitter Blue, a premium monthly membership that added a blue verification mark to a user’s account. Fraudsters used this initiative. The potential for harm to the unscrupulous is enormous.
As a result of Twitter Blue enabling users to purchase a verified Twitter profile, this feature has been used for phishing scams, crypto-related malware, and distribution of malware. Additionally, it makes it easier to spread misinformation.
According to some sources, there are currently more than 20 million fraudulent Twitter accounts, roughly 4% of the total 500 million registered Twitter accounts. Although Twitter is a rich source of both information and entertainment, it is not a flawless platform when it comes to user privacy and security.
There are a few things you should take to ensure the security of your account. These include the use of strong passwords, configuration of two-factor authentication, management of permissions for third-party applications, and more. Additionally, you should pay attention to whose footsteps you follow.