BNB
by BSC News
January 26, 2023
Robinhood continues to find ways to tarnish its crypto reputation as $16k is lost in latest scam.
The Twitter account for disgraced financial institution Robinhood promoted a scam token called RBH on BNB Chain Wednesday, January 25.
The erroneous post, presumed to be a hack, appeared on Robinhood, reminding users that a new token would launch on Jan. 25 at noon Eastern Time. The move was quickly deemed a scam by many users on Crypto Twitter, even prompting Binance CEO, Changpeng Zhao, to tweet about the event.
Only around $16,000 USD was pumped into the scam token before Robinhood could take the tweet down and announce the exploit. However, this could have been much worse.
“We’re aware of the unauthorized posts from Robinhood Twitter, Instagram, and Facebook profiles, which were all removed within minutes,” Robinhood said in a blog after the event. “[B]ased on our ongoing investigation, we believe the source of the incident was via a third-party vendor.”
The latest episode between Robinhood and BNB Chain is a strong reminder to be vigilant and Do Your Own Research (DYOR).
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Related News
Latest News
April 24, 2024
Chainlink Launches Cross-Chain Interoperability Protocol (CCIP) for General Availability
April 24, 2024
Hong Kong Bitcoin and Ethereum Spot ETFs Get Approval to Begin Trading on April 30
April 24, 2024
US DOJ Wants 3-Year Prison Sentence for Binance Co-Founder CZ
April 23, 2024
Binance’s 53rd Launchpool Project: What is Renzo Protocol?
April 23, 2024
Texas' Blockchain Association and the Crypto Freedom Alliance Sue US SEC
April 23, 2024
Binance Sued in Canada Over Securities Law Violations: What to Know
April 22, 2024
What Are Bitcoin Runes?
April 22, 2024
Binance Executive Arrested in Kenya After Fleeing Nigeria
More News