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Bad Actors Target Robinhood Twitter Account and Moonbirds Creator With Phishing Attacks

2 mins
26 January 2023, 10:00 GMT+0000
Updated by Kyle Baird
26 January 2023, 10:00 GMT+0000
In Brief
  • Both Robinhood and Moonbirds founder were subject to attacks.
  • Attackers took over Robinhood’s social media profiles to promote a scam token; the company quickly deleted the tweets.
  • Kevin Rose, the founder of the Moonbirds NFT collection, saw his wallet hacked, and his losses are estimated to be over $1 million.
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Robinhood’s social media profiles were compromised, while the founder of Moonbirds creator saw his wallet hacked via phishing attacks.

Trading platform Robinhood suffered an attack on Jan. 25, with its Twitter compromised by hackers. The attackers posted a tweet saying it was launching a new token on the BSC network, attempting to swindle investors through the phishing attack.

Robinhood Twitter Account Compromised
Phishing Attempt Using Robinhood Twitter Account: Twitter

The attackers have made away with about $8,200. Robinhood has since deleted the tweet. Other accounts related to Robinhood were also compromised. Binance CEO Changpeng Zhao tweeted about the incident, saying that the account on Binance had been locked.

Robinhood posted an update after the incident saying that it was “aware of the unauthorized posts from Robinhood Twitter, Instagram, and Facebook profiles, which were all removed within minutes.” They believe that the source of the incident was from a third-party vendor.

The incident is yet another one that Robinhood has experienced. Last year, the platform suffered a security breach that compromised millions of users’ accounts.

Moonbirds Creator’s NFT Wallet Plundered

Robinhood wasn’t the only platform to suffer such an incident this week. Popular NFT collection Moonbirds also saw an incident, with the wallet of founder Kevin Rose compromised. Rose’s estimated losses are reportedly over $1 million.

NFTs that were stolen include those related to Cool Cats, Squiggles, and OnChainMonkeys. There are no updates yet as to how the hack occurred. The NFT space is becoming an increasingly popular choice for attackers.

Phishing, Cross-Chain Bridge Attacks Dominated 2022

Hacks and security incidents continue to plague the crypto market, with Chainalysis reporting that illicit addresses received over $20 billion in cryptocurrencies in 2022. Most hackers target the DeFi market, with attacks on the niche responsible for a 60% rise in these incidents. One type of attack that has become increasingly popular is the cross-chain bridge attack, which was responsible for some of the biggest attacks in 2022.

Crypto exploits that happened in 2017 to 2022 Chart by Chainalysis
Crypto Exploits from 2017–2022: Chainalysis

2023 has also seen hacks, with Bitcoin developer Luke Dashjr losing over 200 BTC in a hack. Crypto companies and users will have to exercise caution, as it doesn’t look like these incidents will slow down any time soon.


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