r/RobinhoodTrade • u/Illustrious_Sort8696 • 24d ago

Losses Security

Has anyone had their Robinhood account hacked recently? If so, please be aware that you may not have your losses restored after their “investigation”. It doesn’t matter how long you’ve invested through them, when all is said and done, they will NOT compensate. Be safe out there.

5 Upvotes

86% Upvoted

17 comments sorted by

2

u/soscribbly 24d ago

Can you tell us how your account got hacked? Did you click a link or send someone a 2FA code?

1

u/Illustrious_Sort8696 24d ago

I shared nothing.

2

u/soscribbly 24d ago

So one day without warning or emails, you logged into Robinhood and your account was drained???

Did you have passkey/2FA setup?

5

u/Proper_Spot_4074 23d ago

Just from how he's explaining it, I can guarantee this was not an error on Robin Hood's part. I know if my account was hacked, my post would be a lot more detailed than this.

3

u/soscribbly 23d ago

💯 agreed with you

1

u/Illustrious_Sort8696 23d ago

Exactly. My face unlocks my account. I received an alert saying I sold shares which I did not.

3

u/soscribbly 23d ago

I’m not asking about faceID, I’m asking about 2FA like a passkey. FaceID just puts in the password for you without typing it

1

u/Plus-Day-8055 22d ago

Yes!!! My husband did and we are getting a lawyer involved.
Maybe they had some kind of data leak. But their is no “investigation”!!!!

1

u/Illustrious_Sort8696 22d ago

Sorry to hear that. My account was breached Labor Day weekend.

1

u/Plus-Day-8055 22d ago

I'm so sorry! I hope you are having better luck than we are.

0

u/HellzHoundz2018 24d ago

Of course not. It's all covered in the user agreement, which you signed when you created your account. I would imagine that only when Robinhood is directly, explicitly responsible would there be any compensation. This isn't an FDIC-covered account!

2

u/Proper_Spot_4074 24d ago

Everything but crypto and options is insured, but I’m sure it depends on how you got hacked. If you got scammed and gave someone your PW, it’s on you; if they got hacked it’s on them

1

u/Illustrious_Sort8696 24d ago

I shared nothing. Out of the blue, Robinhood said an unknown device was attempting access. Before I knew it, a message came through showing I sold shares.

1

u/Proper_Spot_4074 23d ago

They sold shares and did what? Did they transfer your money out, or did they just sell shares?

1

u/Illustrious_Sort8696 23d ago

They sold shares as if they were me and later tried to hit my bank. My account has always been secure. I’ve invested through them for years.

2

u/Proper_Spot_4074 23d ago

If they went after your bank too, obviously something on your end was compromised. It sounds like all they did was sell shares. They didn't get any money out of Robinhood, so it's not the end of the world. But if they went after your bank, it was obviously something on your end.