Hacker netted about $1.2M–$1.3M after hijacking Vlad Tenev’s X account to tout fake $VLAD token
AI Market Summary
A hacked X account belonging to Robinhood co-founder Vlad Tenev briefly promoted a fake $VLAD token as Robinhood Chain's official token, triggering a rapid speculative spike before removal. Onchain estimates suggest the attacker extracted ~650–690 ETH in proceeds, highlighting social-engineering and trust risks in onchain ecosystems. While no protocol-level exploit is indicated, the incident can tighten risk appetite around Robinhood Chain-linked narratives and related liquidity flows.
Impact level
● Medium
Affected assets
ETH/USDT+1.60%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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A hacker took over Robinhood co-founder Vlad Tenev’s X account and spent about 40 minutes promoting a fake $VLAD memecoin as the token for Robinhood Chain, triggering a rush of buying that briefly pushed its market cap to nearly $10M. On-chain analysts estimate the attacker profited by dumping 650–690 ETH, worth about $1.2M–$1.3M. Robinhood has not confirmed the amount. The incident occurred as Robinhood Chain surpassed $700M in assets and reached 300,000 daily users.
