A now-removed post promoted a token named $VLAD, incorrectly asserting its listing on Robinhood.
By Krisztian Sandor|Edited by Nikhilesh De Jul 23, 2026, 6:29 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Vlad Tenev at Token2049 in Singapore (Token2049)On Thursday, the X account of Robinhood's CEO Vlad Tenev was breached, and it was used to endorse a fraudulent memecoin amid a surge in trading on the company’s recently introduced blockchain network.
The deleted post presented Vladhood ($VLAD) as the "official mascot" of Robinhood Chain, falsely asserting its imminent availability on the Robinhood app. It included a blockchain wallet address and framed the token as part of the company's initiatives surrounding Robinhood Chain.
"Does Robinhood love memes? The answer is yes," the post stated.
Robinhood subsequently verified that Tenev's account had indeed been hacked.
"Heads up: Our CEO Vlad Tenev's X account was compromised and posted a fake promotion for a meme coin," the company announced via its communications account on X. "We are collaborating with X to regain access, and the post has been removed."
The deleted post from Vlad Tenev's hacked account. (X)This breach occurred as Robinhood's newly launched blockchain has emerged as a center for speculative trading.
Since its launch earlier this month, the network has attracted over $700 million in assets, including stablecoins, tokenized stocks, and memecoins, as reported by a Dune dashboard created by Entropy Advisors. The blockchain has also surpassed 300,000 daily active addresses and processed approximately 10 million transactions in a single day, according to the dashboard's findings.
This surge in activity has also led to a proliferation of new memecoins trying to take advantage of the increasing interest in the chain.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Market dynamics have shifted since June, with Binance retaining a significant share (~55% of user funds, ~24% in spot) while the broader market experienced outflows in early July.
By CoinDesk ResearchJul 22, 2026Market dynamics have shifted since June, with Binance retaining a significant share (~55% of user funds, ~24% in spot) while the broader market experienced outflows in early July.
Why it matters:
Market dynamics have shifted since June, with Binance retaining a significant share (~55% of user funds, ~24% in spot) while the broader market experienced outflows in early July.
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