Hackers Use Vlad Tenev X Account to Push Fake Token

The X account of Robinhood CEO Vlad Tenev was compromised on Thursday. Attackers used the high profile profile to promote a fake memecoin purportedly built on a non existent Robinhood Chain. This deceptive scheme quickly gained traction as investors rushed to buy into the false hype.

Onchain data reveals the scam was carefully planned hours before the actual account takeover occurred. The perpetrators designed the project to collect fees from buyers instantly. Even after the initial promotion, the smart contract remains active and continues to pull money from wallets.

This incident serves as a sharp reminder for traders to verify token launches through official company channels before committing funds. Security teams are currently tracking the stolen assets as the fake token continues to drain liquidity from the market.