Robinhood CEO's X Account Hijacked to Promote $2.6M Memecoin Scam

The recent hacking incident involving Vlad Tenev's X account on Robinhood Chain has shed light on the growing problem of memecoin scams. The hacker behind the 'Vladhood' token, which reached a valuation of $2.6 million and had over 5,000 holders within hours, is still collecting fees as of press time. This incident marks the third memecoin-linked social hack on Robinhood Chain in three weeks.

The wallet behind Vladhood was created specifically for the occasion, funded with 0.2955 ETH, and used to launch the token through Pons, a Pump.fun-style launchpad on Robinhood Chain. The token's official website was listed as Tenev's X profile, 46 minutes before his account posted the promotion.

Onchain records show that the scam token was deployed 46 minutes before the hacked post appeared, and its creator has been harvesting trading fees without ever pulling liquidity. This incident highlights the vulnerability of verified accounts on social media platforms to be used as launchpads for scams.