- Aside from Twitter, all of Robinhood’s other social accounts were hacked as well.
- The fraudsters made off with 26.95 BNB tokens, or around $8,200.
This past Wednesday, the Robinhood Exchange’s Twitter account was compromised by hackers. Hacked account promoted fake PancakeSwap decentralized exchange selling crypto tokens and NFTs on Binance Smart Chain in since-deleted tweet.
Aside from Twitter, all of Robinhood’s other social accounts were hacked as well. Internet detective ZackXBT provided a scan of the Binance Smart Chain showing that the fraudsters made off with 26.95 BNB tokens, or around $8,200.
According to ZackXBT, the wallet that reaped the scam’s rewards was located on the Binance cryptocurrency exchange. CEO of Binance Changpeng “CZ” Zhao reacted by announcing the account was frozen awaiting inquiry.
Social Media Breaches on the Rise
Cons on Twitter are not new; sim jacking and phishing are the most common methods of account takeover. Twitter’s “god mode” is a little-known attack vector. A former Twitter employee reportedly told the FTC on Wednesday that the company had a “god mode” that gives them access to every account on the network. If hackers acquire access to this function, they will be able to pose as any user they like and attack unsuspecting users.
It was discovered on July 15, 2020, that fraudsters had breached Twitter’s defenses. They pretended to be various notable people, including Barack Obama, Joe Biden (who had been Vice President), Apple, Uber, Kanye West, Elon Musk, Bill Gates, and Warren Buffet.
These hijacked accounts allegedly promoted a Bitcoin scheme that ultimately stole $117,000 in cryptocurrency, according to federal officials. Nima Fazeli, Mason Sheppard, and Graham Ivan Clark were detained by authorities in the United States and the United Kingdom in connection with the Twitter hack. Finally, a federal judge gave Clark a three-year jail term.
