Robinhood’s CEO Vlad Tenev had his X (formerly Twitter) account taken over on Thursday. The hackers used it to promote a fake memecoin named Vladhood, or $VLAD, claiming it was the official mascot for Robinhood’s blockchain. The misleading post promised that the token would be listed on the Robinhood app, stirring confusion among users and followers before it was swiftly deleted.
Details of the Hack and Response
The brokerage firm quickly responded via its official communications channel on X, confirming that Vlad Tenev’s account had been compromised and the meme coin promotion was fraudulent. Tenev himself managed to regain control of the account and reassured followers with a post stating he was “back” and waiting for X to provide an explanation about the breach. He emphasized that Robinhood has not launched any coins or tokens, urging everyone to stay cautious.
Robinhood Chain’s Growing Activity Fuels Memecoin Craze
This hack comes at a time when Robinhood’s own blockchain network has been grabbing attention. Since launching its public mainnet earlier this month, Robinhood Chain has attracted over $700 million in assets, according to a Dune analytics dashboard from Entropy Advisors. The network now has more than 300,000 daily active addresses and processes around 10 million transactions per day. This surge in activity has also sparked a wave of speculative memecoins trying to capitalize on the platform’s rising popularity.
