Robinhood ( HOOD ) CEO Vlad Tenev’s X account was compromised on Thursday and used to promote a fake memecoin as traders have been piling into tokens on the brokerage’s newly launched blockchain network.
The now-deleted post introduced a token called Vladhood ($VLAD) as the “official Robinhood chain mascot” and falsely claimed it would be listed on the Robinhood app. It included a blockchain wallet address and described the token as part of the company’s focus on the Robinhood Chain.
“Love Robinhood memes? The answer is yes,” the post read.
Robinhood later confirmed that the account had been hacked.
“Please note: Our CEO Vlad Tenev’s X account was compromised and posted a fake campaign for a meme coin,” the company said through its communication account on X. “We are working with X to restore access and the post has been removed.”
The incident came as Robinhood’s newly launched blockchain has become a hotbed of speculative trading.
