Robinhood Says 1.6 Million People Now on Crypto Wallet Waitlist

Robinhood Markets now has 1.6 million folks on the waitlist for its cryptocurrency pockets, up from 1 million only a few weeks in the past, Christine Brown, chief working officer of Robinhood, stated on Tuesday.

The retail dealer’s crypto pockets, which can enable its customers to maneuver supported digital currencies out and in of their brokerage accounts, is on monitor to be launched late within the first quarter of 2022, Brown stated at a convention held by Decrypt and Yahoo Finance.

Earlier this week, Robinhood warned customers {that a} hacker broke previous the app’s defences, stealing hundreds of thousands of consumer electronic mail addresses and extra.

The offender known as buyer help and, pretending to be a licensed social gathering, duped a Robinhood worker into offering entry to the client help pc system, a hacker method known as “social engineering,” the corporate stated in a weblog submit.

After stealing info from Robinhood, the hacker tried to extort fee from the corporate, which opted to alert police and warn customers in regards to the breach, in line with the submit.

“We owe it to our clients to be clear and act with integrity,” Robinhood chief safety officer Caleb Sima stated within the submit.

“Following a diligent overview, placing your entire Robinhood neighborhood on discover of this incident now’s the fitting factor to do.”

The breach came about late on November 3, with the hacker snatching about 5 million electronic mail addresses for Robinhood customers, together with the names of about two million different members of the funding service, in line with the corporate.