Robinhood CEO Vlad Tenev Hacked, Exploiter Makes $1.2 Million Promoting Fake Token
Hackers took over the X account of Robinhood CEO Vlad Tenev on Thursday. They used it to push a new crypto coin, Vladhood (VLAD), that has already been flagged as a likely scam.
The fake post called VLAD the official mascot of Robinhood Chain. It even said the coin would be listed in the Robinhood app.
Inside the Robinhood CEO X Account Hack
Robinhood's own accounts stayed silent. So did Robinhood Crypto. That was the first clue the post was fake.
The message started with a question. Does Robinhood love memes? It answered yes, then shared the coin's address and signed off, "Welcome to the Hood."
The post has since been deleted.
A blockchain tracker for Robinhood Chain marks the coin as a likely scam. The token holds no real money. It has changed hands about 1,868 times since launch.
According to on-chain monitoring by MLM, the attacker generated around 650 ETH in proceeds from the VLAD token, worth approximately $1.2 million to $1.3 million.
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