Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy
Robinhood CEO Vlad Tenev's X account was compromised to promote a fraudulent memecoin called $VLAD. The incident occurred amid a surge in speculative trading activity on the newly launched Robinhood Chain.
Why it matters
The hack highlights ongoing security vulnerabilities in high-profile social media accounts and the risks associated with the rapid proliferation of memecoins on new blockchain networks.
The now-deleted post introduced a token called Vladhood ($VLAD) as the "official Robinhood chain mascot" and falsely claimed it would be listed in the Robinhood app. It included a blockchain wallet address and described the token as part of the company's focus on Robinhood Chain.
"Does Robinhood love memes? The answer is yes," the post read.
Robinhood later confirmed the account had been hacked.
"Heads up: Our CEO Vlad Tenev's X account was compromised and posted a fake promotion for a meme coin," the company said through its communications account on X. "We're working with X to restore access and the post has been removed."
The incident came as Robinhood's newly launched blockchain has become a hotbed of speculative trading .
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