On January 25, 2023, Robinhood's social media accounts (Twitter, Instagram, Facebook) were compromised and used to promote a fake RBH token on the BNB Chain. Attackers made off with 26.95 BNB (~$8,200) from users who fell for the scam, with the account believed to have been compromised via a third-party vendor.

The Robinhood Twitter account was hacked and used to promote a fraudulent crypto project. The hackers announced the launch of a new token called $RBH, which they say will be priced at $0.0005 on Binance Smart Chain. About 25 people purchased the fraudulent tokens for a total of just under $8,000 before the link was removed. Robinhood said in a blog post that the unauthorized content posted on Robinhood Twitter, Instagram and Facebook was removed within minutes, and the team believes the source of the incident was a third-party vendor.