Robinhood Shares Fall After Data Security Breach Revealed

The Nov. 3 breach exposed the email addresses of 5 million customers.

AccessTimeIconNov 8, 2021 at 10:30 p.m. UTC
Updated May 11, 2023 at 7:03 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Robinhood’s shares fell 3.1% in after-market trading on Monday after the stocks and cryptocurrencies trading app acknowledged a Nov. 3 security data breach in a blog post.

  • “An unauthorized third party obtained access to a limited amount of personal information for a portion of our customers,” the popular trading platform said in the Monday blog post.
  • After Robinhood contained the breach, the hacker(s) demanded an extortion payment, according to the company, which immediately contacted the authorities.
  • The company said the unnamed third party obtained a list of email addresses for about five million people and full names for a different group of approximately two million people.
  • Robinhood assured its customers the attack had been contained and that no personal information such as Social Security, bank account or debit card numbers were exposed.
  • The company also stated that the breach didn’t cause financial loss for any customers.
  • However, the company also said the hack had compromised the personal information of 310 accounts, including name, date of birth, and zip code, and exposed more extensive information for 10 customers.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Aoyon Ashraf

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.