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.

AccessTimeIconOct 15, 2020 at 8:06 p.m. UTC
Updated May 9, 2023 at 3:12 a.m. UTC
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Nearly 2,000 Robinhood Markets accounts were hacked in a recent series of attacks that stole customer funds, an indication the infiltration was more pervasive than previously believed, Bloomberg reported, citing a person with knowledge of an internal review.

  • 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..
  • Despite the company's statement at the time blaming the attacks on the victims' personal email accounts being compromised, several victims told Bloomberg they found no evidence this happened.
  • In addition, several victims said they'd already used two-factor authentication, something Robinhood was advising the individuals who'd been hacked to set up, Bloomberg said.
  • A Robinhood spokesperson declined to comment on the Bloomberg report, only referring CoinDesk back to the company's earlier statement.

UPDATE: 20:30 UTC: Adds that some clients were already using two-factor authentication, several found no evidence of comprised personal email accounts.

Read also: Robinhood Traders, Including Bitcoin Holders, Left in the Lurch Following Theft: Report

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