The official Twitter account of the commission-free buying and selling app Robinhood has been hacked to advertise a rip-off token referred to as $RBH on BNB Chain. 

The cryptocurrency was out there for $0.0005 a pop, based on the announcement made by the hacker. 

In fact, the BNB Chain-based token is only a honeypot rip-off, which implies that the homeowners of RBH tokens can not really promote or switch them after making a purchase order. 

Fortuitously, it looks like only a few individuals purchased into the rip-off earlier than the faux hyperlink posted by Robinhood’s Twitter account was taken down. 

In line with on-chain sleuth ZachXBT, the attacker managed to make solely 23.5 BNB (roughly $7,000). 

Binance CEO Changpeng Zhao took observe of the incident, urging customers to at all times use vital pondering “even when the account seems or is actual.”

It isn’t uncommon for Twitter accounts to get compromised by hackers who wish to promote cryptocurrency scams. This has occurred a number of occasions previously, with scammers exploiting hacked accounts to ship out tweets containing malicious hyperlinks which may result in phishing assaults or malware downloads. As is commonly the case with on-line fraud, many of those scams contain convincing customers to half with their cash via engaging provides reminiscent of free crypto. 

To guard themselves from such schemes, customers ought to stay vigilant in terms of on-line actions and commonly confirm that any hyperlink given on Twitter is respectable earlier than clicking on it.