Hackers took over Robinhood CEO Vlad Tenev’s X account on Thursday. They used it to pay for a new cryptocurrency, Vladhood (VLAD), which has already been flagged as a potential scam.
The fake post named VLAD the official mascot of the Robinhood chain. She even said that the currency will be listed on the Robinhood app.
Inside Robinhood CEO X Account Hack
Robinhood’s own accounts remained silent. So did Robinhood Crypto. This was the first clue that the post was fake.
The letter began with a question. Does Robinhood like memes? She said yes, then shared the coin’s address and signed off with, “Welcome to the hood.”
The post has since been deleted.
Robinhood blockchain tracker Signs Currency as a potential scam. The code does not hold any real money. It has been traded about 1,868 times since its launch.
According to on-chain monitoring by MLM, attacker I was born About 650 ETH in proceeds from the VLAD token, worth approximately $1.2 million to $1.3 million.
Scams like this continue to reach the network. Reports Rug pulls have doubled. The trick is not new. A fake coin bearing the name of Coinbase CEO Brian Armstrong crashed this month, a lesson in trust Posts from executive accounts.
Meme coins continue to test Robinhood chain
Robinhood Chain launched on July 1. It is a new blockchain created by Robinhood on Ethereum. The company wants to operate tokenized shares and other real-world assets.
But memecoins quickly took over. The network now handles millions of trades daily. Risky memes drive most of them, and have recently driven them to do so Record trading volume. Total trading exceeded nearly $9 billion, according to Entropy Advisors.
one coin, Coin meme cash catled the group. Some experts worry about this Currency trading boom meme It could hurt Robinhood’s larger plans for tokenized shares.
Tenev welcomed the fun. He once posted that the series “does great with memes too.” Now the same uproar has turned against him.
this post Robinhood CEO Vlad Tenev Was Hacked, Exploiter Earned $1.2 Million Promoting Fake Tokens appeared first on BeInCrypto.
