Robinhood acknowledges that some users' password stocks and cryptocurrency trading platforms are stored in clear text.

According to Tech Crunch, Robinhood acknowledged that some users' passwords were stored in clear text and sent an email suggesting that affected users reset their passwords in a timely manner. Robinhood said that on Monday, it was discovered that some users' passwords were stored in plain text in the internal system. After a thorough review, the problem has been solved and there is no evidence that outsiders have accessed the information, which is extremely cautious. In consideration, it is recommended that the affected user reset the password.