Hackers Infiltrated Almost 2,000 Robinhood Accounts, More Than Thought: Report
According to the company's statement at the time of the hacks, the attacks were said to have affected only a "limited" number of clients.
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The number of Robinhood-related emails for sale outnumber those for other brokerages by about 5-to-1, the report says.
Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was supposed to be having an initial public offering this month but according to a report from Bloomberg, the listing has been slowed by the SEC. The report cites a few....
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.
Around 41% of Robinhood’s quarterly revenues were generated by crypto trading. Popular retail trading app, Robinhood, has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue.According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading services for the quarter, up from $5 million for the entirety of 2020. More than 60% of funded Robinhood accounts traded digital assets during Q2 2021.With early 2021 witnessing the speculative dog-token trading frenzy, a whopping 62% of Robinhood’s....
Hackers are changing their game plan. By using a person’s phone number they can now gain access and steal money from someone’s bank account to bitcoin. In a report from Forbes, which highlights the story of Colombian Jered Kenna, hackers were able to move his mobile phone number, after faking his identity, transferring it from T-Mobile to a carrier known as Bandwidth, which was linked to the hacker’s Google voice account. The hackers then subsequently proceeded to reset Kenna’s email passwords before locking him out of 30 other accounts, which included two banks, PayPal, two bitcoin....