On July 23, Robinhood's CEO Vlad Tenev became a victim of a hacking incident when an unknown perpetrator gained access to his X account. Shortly before the breach, the account promoted the Vladhood (VLAD) token, which had just been launched on the Pons platform within the Robinhood Chain. The token was falsely advertised as the "official mascot" of the network, leading to a surge in trading activity. In just a few hours, trading volume for VLAD on Uniswap skyrocketed to over $22 million. The Pons platform's design allows token creators to earn trading fees without directly accessing locked liquidity, a loophole the hacker exploited multiple times, amassing 31.6 ETH, valued at around $59,000. Additionally, the hacker distributed the stolen funds, including 72 million VLAD tokens, into three different wallets.