Robinhood CEO Vlad Tenev's X Account Hacked for Fake Token

The verified X account of Robinhood CEO Vlad Tenev was compromised on July 23, 2026, and used to promote a fraudulent cryptocurrency token, briefly inflating its market value to an estimated $10 million. The company confirmed the security breach and stated it was working with the social media platform to restore access, having already removed the unauthorized post.

The fake post, published around 17:24 UTC, promoted a token called Vladhood (VLAD), falsely claiming it was the official mascot of the recently launched Robinhood Chain and would be listed on the Robinhood trading app. The message included a contract address that directed users to a token created just minutes before the post appeared. Following the promotion, trading activity surged, pushing the token's market capitalization to its peak before it fell below $5 million after Robinhood disclosed the hack. On-chain data indicated that unidentified wallets profited by more than $1 million during the token's rapid price increase.

Robinhood Chain, an Ethereum layer-2 network built with Arbitrum technology, launched its mainnet on July 1. It was designed to facilitate the tokenization of stocks and real-world assets....