The Mysterious Hack

On January 25, Twitter users were taken for a wild ride when Robinhood’s account was hijacked. The intruder, or possibly a syndicate of crypto mischief makers, urged Robinhood’s 1.1 million followers to invest in a dubious token named “RBH” for $0.0005 on the BNB Smart Chain. Talk about a bad investment advice!

Immediate Fallout

The trickery didn’t take long to unfold. Conor Grogan, of Coinbase fame, noted that at least ten unsuspecting users bit the bait, collectively shelling out around $1,000 for the fake token before the tweet mysteriously vanished. Not surprisingly, this raised a few eyebrows in the crypto community.

Security Measures in Play

In response, Binance CEO Changpeng Zhao declared their security team had locked the account associated with the rogue tweet for further investigation. A Robinhood spokesperson later confirmed that the hacker was believed to be a third-party vendor, and not just some dude in his mom’s basement.

Staying Safe in Crypto

As if the situation couldn’t get any stranger, the hacker also managed to post on Robinhood’s Instagram and Facebook profiles. Zhao chimed in with sage advice: “Always have critical thinking even [if] the account looks or is real.” Wise words from the crypto wizard himself!

What Investors Should Consider

For those wondering, Robinhood doesn’t feature a native token associated with its platform. Instead, savvy investors can opt to purchase shares of HOOD, which was dancing around $9.71 at the time of writing. So, if you were thinking about cashing in on RBH, it might be time to hit the brakes and reconsider your options.

Reflecting on Past Breaches

This incident isn’t an isolated event; it harkens back to that major Twitter hack in July 2020, where high-profile accounts got involved in a Bitcoin scam promising double returns. Who would have thought Twitter was ripe for such drama? As Musk continues to stamp his new policies on the platform, one must wonder if we’ve seen the last of these unauthorised escapades.