Hackers compromised Tenev’s X account and used it to promote the fake $VLAD memecoin. The hackers did this after Robinhood Chain surpassed $700 million in on-chain assets. Hackers focused on
Hackers focused on one of the biggest personalities in the world of cryptocurrencies due to rumors about the Robinhood Chain ecosystem. The official X account of Robinhood CEO Vlad Tenev was hacked and then used to publicize the scam token. Hackers created a fake token called Vladhood ($VLAD) and falsely claimed it was the official Robinhood Chain mascot.
— Robinhood Comms (@RobinhoodComms) July 23, 2026
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.
The deleted post claimed Robinhood would list the token in its app and provided a wallet address for purchases. The post claimed the token aligned with Robinhood’s broader blockchain strategy and encouraged community participation. Additionally, the message mentioned that Robinhood backs up the meme culture by referring to the CEO’s social media account. Robinhood quickly confirmed that hackers had compromised Tenev’s X account and clarified that the post had no connection to the company. It said that they directly partnered with X to gain back access to the account.
This incident occurred at a time when Robinhood Chain was undergoing a phase of fast growth in its on-chain activity. Robinhood launched the blockchain earlier this month, and users have already added more than $700 million in stablecoins, tokenized stocks, and memecoins to the network.
According to figures gathered using a Dune Analytics dashboard built by Entropy Advisors, the network crossed over 300,000 daily active addresses and completed about 10 million transactions within just one day. This places the Robinhood Chain among the fast-growing blockchain networks to be launched recently.
Rapid ecosystem growth often leads to speculative behavior, with scammers promoting scams to retail investors. Unofficial memecoins popping up as Robinhood Chain grows in popularity are just an example of that. In addition to the scam involving the $VLAD token, there is a whole wave of speculative tokens trying to get attention by referencing popular brands and executives.
The fast action from Robinhood’s side helped minimize the visibility of the scam and made it clear how important it is to verify the legitimacy of any news through the official website. Moreover, there are still cybersecurity threats in connection with prominent social media accounts when there is increased activity on blockchains. Market players keep observing the growth of Robinhood Chain, as new applications appear and traders are actively using the platform.
Highlighted Crypto News:SEC Begins 24-Hour Stock Trading Talks as NYSE and Nasdaq Extend Trading Hours
