Robinhood says some customer accounts may have become target of hackers
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FILE PHOTO: Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 10, 2016. REUTERS/Brendan McDermid
(Reuters) - Fintech startup Robinhood Markets Inc said on Friday some customers might have become a target of hackers because of their personal email accounts being compromised outside of its platform.
The issue did not occur from a breach in the firm's systems, a spokesperson for the company said in a statement.
"We're actively working with those impacted to secure their accounts", Robinhood added.
Robinhood, which is credited with helping popularize trading among millennials, has seen multiple outages since March due to higher-than-usual traffic to its app from a recent upsurge in day trade by retail investors.
Last month, Reuters reported that the firm had increased its latest funding round from investors to $660 million, giving it a valuation of $11.7 billion.
(Reporting by Abhishek Manikandan in Bengaluru; Editing by Anil D'Silva)
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