Robinhood CEO Vlad Tenev’s X Account Hacked to Promote Fake Memecoin

12 mins ago Updated 52 secs ago

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Expertise : Crypto, Stocks, Tokenization, AI, Prediction Markets, Crypto Regulation

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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Hackers Hack Robinhood CEO’s X Account To Promote Memecoin

In a now-deleted X post, the hackers promoted the Vladhood memecoin, which they said was the official Robinhood chain mascot. The hackers also stated that the meme coin would be listed on the Robinhood app.

“More importantly, we believe this is another step toward bringing more attention to Robinhood Chain, which remains our primary focus for Q3 and Q4,” the post read. It is worth noting that the memecoin was created just minutes before the post.

The Vladhood meme coin surged to a high of around a $10 million market cap. Onchain data shows that insiders have cashed over $1 million in profits. Meanwhile, the token is currently trading above a $4 million market cap even though the post has been deleted.

The Robinhood chain launched earlier this month and instantly generated a lot of buzz with the Cashcat meme coin. The chain has also seen a lot of activity, partly thanks to meme coin trading on the network. As CoinGape reported, Bernstein also raised their price target for the HOOD stock, citing potential revenue from the chain.

Exchange Confirms Hack

Robinhood also confirmed the hack in an X post, stating that Vlad Tenev’s X account was compromised. “We’re working with X to restore access, and the post has been removed,” the exchange added.

🚨Heads up: Our CEO Vlad Tenev’s X account was compromised and posted a fake promotion for a meme coin.

We’re working with X to restore access and the post has been removed.

— Robinhood Comms (@RobinhoodComms) July 23, 2026

DeFiLlama data shows that the Robinhood chain currently ranks third in terms of revenue. The network has earned $1.1 million over the last seven days and $2.11 million since it launched earlier this month.

Meanwhile, the network’s total value locked (TVL) currently stands at $309 million, up over 3% in the last 24 hours.

For more information on trading stocks, please check out our page on Best Platforms to Trade Tokenized Stocks

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.