Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy
CoinDesk 2026-07-23 18:29:31
Context: Robinhood CEO Vlad Tenev's X account was hacked on Thursday and used to promote a fake memecoin called Vladhood ($VLAD) as the "official Robinhood chain mascot." The incident occurred as Robinhood's newly launched blockchain network has rapidly attracted over $700 million in assets and heavy speculative trading in memecoins. The fraudulent post was later deleted, and Robinhood confirmed the account had been compromised.
Key Facts
- Robinhood CEO Vlad Tenev's X account was compromised on Thursday and used to promote a fake memecoin called Vladhood ($VLAD) as the "official Robinhood chain mascot," with a post that falsely claimed the token would be listed in the Robinhood app and included a blockchain wallet address.
- The fraudulent post described the token as part of the company's focus on Robinhood Chain and included the phrase "Does Robinhood love memes? The answer is yes."
- Robinhood's newly launched blockchain network has attracted more than $700 million in assets across stablecoins, tokenized stocks, and memecoins since debuting earlier this month.
- The blockchain network has surpassed 300,000 daily active addresses and processed roughly 10 million transactions in a single day, according to a Dune dashboard created by Entropy Advisors.
- The rapid growth in activity on the blockchain network has fueled a wave of new memecoins attempting to capitalize on the chain's rising popularity.