Fake Cryptocurrency Scam is Don’t Tweet it, Robinhood!

Do you ever login to your Twitter accounts and find some really weird stuff? Well, on the morning of August 25th, users of the social media platform were surprised to see a verified Robinhood & Co account post what looked to be a suspicious cryptocurrency scam.

Now That’s a Bad Tweet!

The fraudulently posted message claimed that users could “get your first monthly profit of $10,000 within 24 hours.” It also included a link to a website claiming to offer “investment advice.” Yeah, no, that’s definitely a red flag.

Luckily, it didn’t take long for Twitter users to spot the scam and report the post. Soon after, the it was removed from the account.

Speaking on the matter, a representative for Robinhood and Co said:

“We apologize for the error. We’d like to remind our followers that we never endorse or suggest investment advice.”

Good save, Robinhood!

Tips to Avoid Cryptocurrency Scams

Although it’s good that the post was removed, it’s still important to be aware of how crypto scams work and what to do if you think you might be a target. Here are a few tips to help prevent you from getting scammed:

  • Do Your Research: Before you invest your money, do your research on the investment’s legitimacy.

  • Recognize Red Flags: If something seems too good to be true, it probably is. Be aware of the warning signs of a scam, such as requests for money upfront or suspiciously high returns.

  • Check for Reviews: Check for customer reviews, especially if you are purchasing from a website. There are also many forums and websites dedicated to warning users about potential scams.

In the end, it’s important to always use your best judgment and be alert for potential scams. Hey, if this Twitter debacle is any indicator, even the most well-known companies can still make mistakes!