Robinhood CEO Vlad Tenev's X Account Hacked to Promote Fake 'Vladhood' Meme Coin

On July 24, Robinhood CEO Vlad Tenev's verified X account was briefly compromised, allowing attackers to promote a fraudulent meme coin called Vladhood (VLAD). The fake post, quickly deleted after Robinhood regained control, falsely presented VLAD as the "official mascot of Robinhood Chain" and claimed it would be listed on the Robinhood app. The token's market cap surged to between $4 million and $10 million before collapsing. On-chain analysis revealed 70% of the supply was concentrated in early wallets, and the deployer cashed out approximately 690 ETH ($1.3 million), causing the price to drop over 80%. Robinhood confirmed the post was unauthorized and urged users to ignore it. The hack occurred less than a month after Robinhood launched Robinhood Chain on July 1, an Ethereum Layer-2 network built on Arbitrum Orbit. The network has attracted hundreds of millions in assets and millions of daily transactions, but early activity has been dominated by speculative meme coin trading. The incident follows a pattern of social media hacks targeting executives and celebrities, including Sydney Sweeney, Doja Cat, and 50 Cent during the 2024 meme coin boom. Robinhood Chain itself was not compromised.