The account shared a tweet on January 25 announcing the launch of a token dubbed RBH on the Binance Smart Chain (BSC), with an initial price of $0.005. A review of the token shows that details about the creator and tokenomics do not exist. Indeed, the token’s promotional message dubbed it a revolution in decentralized finance (DeFi) and asked users to purchase RBH on the Pancakeswap decentralized exchange (DEX). Interestingly, the announcement was made in at least two tweets that were later deleted. However, followers of the account were quick to notice the suspicious activity.
Crypto project not verifiable
The scammy crypto project has also yet to be verified by digital asset data aggregators, who warned users to be cautious when dealing with the RBH token. Elsewhere, crypto price tracking platform CoinMarketCap indicated that RBH had a total supply of about 2.9 million tokens. However, the site noted that it has not yet verified the authenticity of the token. As of press time, Robinhood has not made any official communication regarding the incident. It is worth mentioning that cases of crypto scammers leveraging Twitter accounts for prominent personalities and institutions have been on the rise. Recently, Finbold reported that the account of television personality Kevin O’Leary was compromised and used to promote a fake giveaway.
