Key facts
- Robinhood CEO Vlad Tenev's X account was hacked.
- Hackers promoted a fake memecoin called Vladhood ($VLAD).
- The post falsely claimed the token would be listed on the Robinhood app.
- Robinhood confirmed the hack and stated the post was removed.
- The Robinhood chain has attracted significant activity and meme coin trading.
Robinhood CEO Vlad Tenev's X account was compromised and used to promote a fake memecoin called Vladhood ($VLAD), which falsely claimed it would be listed on the Robinhood app. Robinhood confirmed the hack through its official communications account, stating they were working with X to restore access and that the fraudulent post had been removed. The incident occurred as Robinhood's recently launched blockchain network has generated significant buzz and activity, partly due to meme coin trading. The network has earned over $1.1 million in revenue in the last seven days, with a total value locked of $309 million. The Vladhood memecoin surged to a market cap of around $10 million before trading above $4 million, with insiders reportedly cashing out over $1 million in profits.