[ad_1]
Cybercriminals hacked the Robinhood exchange’s Twitter account on Wednesday. In a now-deleted tweet, the hacked account was used to promote a scam offering crypto tokens and NFTs on Binance Smart Chain via PancakeSwap decentralized exchange.
Robinhood’s other social media profiles were also compromised. According to a Binance Smart Chain scan shared by internet sleuth ZackXBT, the scammers were able to get away with 26.95 BNB tokens, about $8,200.
ZackXBT notes that the wallet that benefited from the scam is hosted on cryptocurrency exchange Binance. Binance CEO Changpeng “CZ” Zhao respondsaid that the account has been locked pending further investigation.
“We are aware of unauthorized posts from Robinhood’s Twitter, Instagram and Facebook profiles, which were all removed within minutes,” Robinhood wrote in a statement shared with Decryption. “At this time, based on our ongoing investigation, we believe the source of the incident was a third party vendor.”
Twitter scams are nothing new: accounts are usually compromised through sim hijacking or phishing attacks. One of the lesser-known attack vectors is Twitter’s “god mode” feature. on wednesday, Washington Post reports that a former Twitter employee informed the FTC that the platform has a “god mode” that allows Twitter staff to access any account on Twitter. Hackers who gain access to this feature can impersonate any account they like and target unknowing victims.
Twitter has not yet responded Decryption for comments.
On July 15, 2020, cybercriminals managed to bypass Twitter’s security. They impersonated several high-profile accounts, including former US President Barack Obama, President (then Vice President) Joe Biden, Apple, Uber, Kanye West, Elon Musk, Bill Gates and Warren Buffet.
The compromised accounts started promoting a Bitcoin scam which federal authorities said captured $117,000 in BTC. US and UK law enforcement officers arrested Nima Fazeli, Mason Sheppard and Graham Ivan Clark in connection with the Twitter hack. Clark was eventually sentenced to three years in federal prison.
Stay on top of crypto news, get daily updates in your inbox.
[ad_2]
Source link