Robinhood CEO's X Account Hacked to Promote Fake Memecoin
The X account of Robinhood Markets (NASDAQ: HOOD) CEO Vlad Tenev was hacked to promote a fake memecoin called 'Vladhood' ($VLAD). The unauthorized posts claimed the coin would be listed on the Robinhood app and branded as an official mascot for its new platform, Robinhood Chain. Robinhood quickly responded by calling it a potential scam and confirmed that Tenev's account had been compromised. This incident occurred shortly after Robinhood launched 'Robinhood Chain' on July 1 to facilitate memecoin trading. The company reported the chain is already processing six million transactions daily, despite being less than a month old. HOOD stock has dropped by 12% this year and currently trades at $101.58 per share.