In a recent incident, the official Twitter account of Robinhood, a popular stock trading app, was compromised, and it promoted a scam token on Binance’s BNB chain in unauthorized posts. The fraud token was being promoted as a new and exciting investment opportunity, but it was later found to be a scam.
Robinhood quickly became aware of the issue and took action to secure their account and remove the unauthorized posts. They also issued a statement apologizing for the incident and assuring customers that their accounts were not affected.
This incident is a reminder of the importance of being vigilant when it comes to investing, especially in the crypto world. Scammers are known to use social media to promote fake tokens and lure unsuspecting investors into their schemes.
It is crucial for users to be careful when investing, and to do their own research before investing in any token. They should also be aware that legitimate companies like Robinhood will never promote a token or investment opportunity on social media without proper authorization.
In conclusion, this is an unfortunate event which had been caused by a social engineering attack on Robinhood’s Twitter account and promoted a scam token. The company has taken immediate action to secure their account and remove the unauthorized posts. Investors should be cautious and do their research before investing in any token.