Robinhood Denies Launch of Fake Meme Coin After CEO's Account Hacked

Robinhood CEO Vlad Tenev has denied that his company launched a new cryptocurrency token after his X account was hacked to promote a fake meme coin.

Tenev stated that Robinhood is still awaiting more details from X about the incident, which involved the compromise of his personal account on the platform.

The hacking attempt used Tenev's compromised account to push for people to invest in a fake cryptocurrency token, but he emphasized that this was not an official launch by the company.

Roninhood has confirmed the hack and is working to restore access to the affected account. In the meantime, they're urging users to remain vigilant and avoid interacting with any suspicious promotions related to the fake token.