Robinhood CEO’s X Account Hacked to Push Fake Memecoin

Robinhood CEO Vlad Tenev’s X account was hacked Thursday, with the attacker posting a fake promotion for a memecoin called Vladhood ($VLAD). The now-deleted post falsely described the token as the official mascot of Robinhood Chain and claimed it would soon be listed on the Robinhood app, along with a wallet address for the token.

Robinhood confirmed the breach through its official communications account, stating the CEO’s account had been compromised and that the company was working with X to restore access after removing the fraudulent post.

Tenev Regains Access and Warns Followers

Tenev later confirmed on X that his account had been restored. He said he was still waiting for details from the X team on how the breach occurred and clarified that Robinhood has not issued any coins or tokens, urging followers to stay cautious.

Scam Comes Amid Surge in Robinhood Chain Activity

The hack coincides with heavy speculative trading on Robinhood’s newly launched blockchain network. Since its debut earlier this month, the chain has drawn more than $700 million in assets spanning stablecoins, tokenized stocks and memecoins, according to data tracked by Entropy Advisors.

Network Growth Draws Scammers

The blockchain has surpassed 300,000 daily active addresses and processed roughly 10 million transactions in a single day, fueling a wave of new coins attempting to profit from its rising popularity.