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The crypto currency exchange Binance served as the host for the wallet used to receive money obtained through fraud. A scan of the Binance Smart Chain published by internet detective ZackXBT reveals that the hackers successfully stole 26.95 BNB tokens, equivalent to around $8,200 in value.
The Twitter handle of US-based brokerage firm Robinhood Markets Inc was infiltrated (1) by hackers who promoted fraudulent RBH tokens on the Binance Smart Chain using the PancakeSwap decentralized exchange. Robinhood Markets Inc is a company situated in the United States.
Yesterday, several of the 1.1 million people who follow the Robinhood Twitter account stated that they had been offered to acquire fraudulent RBH tokens for as little as $0.0005 apiece.
This information led to the discovery of the hacking assault. Ten customers fell for the scam and spent approximately $1,000 on RBH before the tweet advertising the scam token was deleted.
It is important to note that additional Robinhood social media accounts have also been hacked. The crypto currency exchange known as Binance served as the host for the wallet used to receive money obtained through fraud.
A scan of the Binance Smart Chain published by internet detective ZackXBT reveals that the hackers successfully stole 26.95 BNB tokens, equivalent to around $8,200 in value.
The statement made by Robin Hood was:
"We know the illegal postings published from Robinhood profiles on Twitter, Instagram, and Facebook, and these posts were taken down within minutes of being published. At this point, based on the findings of our continuing investigation, we have reason to assume that a third-party vendor was the origin of the issue."
Almost immediately after the warning was issued, Binance froze Robinhood's account. There will be subsequent investigations conducted.
Frauds on Twitter
The prevalence of fraudulent activities on social media platforms, particularly Twitter, is increasing. One of the social networks that have the most users all around the world is Twitter.
In 2020, a young man of just 17 years old used a very straightforward kind of social engineering to get into the Twitter accounts of Bill Gates, co-founder of Microsoft Corporation, and Joe Biden.
During that time, we revealed that other prominent individuals and companies had fallen prey to a significant Bitcoin (BTC) fraud.
Jeff Bezos, CEO of Amazon, Barack Obama, former President of the United States, and Kanye West were among those there. As it turned out, the attack on Twitter garnered the hackers a total of up to $121,000 worth of Bitcoin.
Scammers took notice of Elon Musk's move in 2022 when he established Twitter Blue, a premium monthly membership that added a blue checkmark to a user's account. Scammers made use of this initiative. The opportunity for dishonest people to cause harm is huge.
As a result of the fact that Twitter Blue enables users to buy a verified Twitter profile, this feature was exploited for phishing scams, crypto-related cons, and the distribution of malware. Additionally, it can facilitate the dissemination of false information.
According to certain sources, there are currently over 20 million fraudulent Twitter accounts, which constitute approximately 4% of the total number of 500 million registered Twitter accounts. Twitter is not a flawless platform regarding users' privacy and safety, despite being a rich resource for both information and pleasure.
There are a few things you may take to ensure the safety of your account. Among these are the use of robust passwords, the configuration of two-factor authentication, the management of permissions for third-party applications, and more. Additionally, you must pay attention to the people whose footsteps you are following.