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Robinhood Says Phishing Emails Came From Onboarding Exploit, Not a Breach

A Gmail address quirk combined with an unsanitized device field let fraudsters send Robinhood-branded alerts that cleared authentication.

Overview

  • Customers began receiving “Your recent login to Robinhood” emails Sunday that came from noreply@robinhood.com and linked a “Review Activity Now” button to a fake site that is now offline.
  • Attackers used Gmail’s dot-alias quirk to create lookalike accounts and then put HTML in Robinhood’s “device name” field so the code showed up inside real alert emails.
  • The forged messages passed SPF, DKIM and DMARC checks, which made many users trust the sender and click.
  • Robinhood said Monday the flow was abused, not hacked, reported no customer losses, removed the device field from emails, and told users to delete the notice.
  • Researchers said the targeting likely drew on past leak lists, including Robinhood’s 2021 email exposure, as phishing tied to crypto platforms grows this year.