Robinhood CEO's X Account Hacked to Promote VLAD Memecoin Flagged as Scam

Robinhood CEO Vlad Tenev's X account was apparently hacked on Thursday to promote a memecoin flagged as a scam. A post sent at approximately 17:24 UTC claimed Robinhood is launching 'Vladhood ($VLAD)' as the official Robinhood Chain mascot and stated the token would be listed in the Robinhood app, including a contract address beginning 0x92d. Memecoin hustlers appear to have orchestrated the hack to spread the VLAD memecoin. Robinhood Chain, launched on July 1, has become a popular venue for memecoin trading, processing roughly 6 million transactions daily with cumulative DEX volume of about $9 billion primarily driven by higher-risk memecoins.

Hacked Post Claims Robinhood App Listing for VLAD Token

The post on Tenev's X account claimed Robinhood is launching 'Vladhood ($VLAD)' as the official Robinhood Chain mascot, stated the token would be listed in the Robinhood app, and included a contract address beginning 0x92d. A similar message was not posted to either official X account for Robinhood or Robinhood Crypto. The blockchain explorer for Robinhood Chain notes that the token is a 'potential scam'. There have been about 1,868 transactions since the token was deployed by a user with the contract name PonsLaunchFactory.

Robinhood Chain Processes 6 Million Daily Transactions

Robinhood Chain, launched on July 1, has become a popular venue for memecoin trading, in particular for the Cashcat memecoin. The network is processing roughly 6 million transactions a day and has seen cumulative DEX volume of about $9 billion, primarily driven by higher-risk memecoins, per Entropy Advisors. Tenev previously posted that 'while we're building Robinhood Chain to be the best chain for RWA ... it works great for memes too.' Robinhood Chain is an Ethereum Layer 2 built on the Arbitrum Orbit stack.

FAQ

What did the hacked post on Vlad Tenev's X account claim about the VLAD token? The post sent at approximately 17:24 UTC on Thursday claimed Robinhood is launching 'Vladhood ($VLAD)' as the official Robinhood Chain mascot, stated it would be listed in the Robinhood app, and included a contract address beginning 0x92d.

How did Robinhood Chain's blockchain explorer classify the VLAD token? The blockchain explorer for Robinhood Chain notes that the token is a 'potential scam'. There have been about 1,868 transactions since it was deployed by a user with the contract name PonsLaunchFactory.

What is the daily transaction volume on Robinhood Chain? Robinhood Chain is processing roughly 6 million transactions a day and has seen cumulative DEX volume of about $9 billion, primarily driven by higher-risk memecoins, per Entropy Advisors.