Robinhood CEO Vlad Tenev’s X account was hacked and used to promote a fake memecoin called Vladhood (VLAD) tied to the Robinhood Chain. The post claimed the token would be listed on the Robinhood app and briefly drew near $10 million in market value as thousands of on-chain transfers occurred. On-chain trackers flagged the contract as suspicious, and the token’s listing claim was quickly debunked as a scam. Robinhood said it is cooperating with X to restore access and remove the fraudulent post. The incident comes amid a meme-coin surge on Robinhood Chain, which launched on July 1 and has since handled billions in trading volume, raising concerns about hype and safeguards. Analysts note that attackers are increasingly targeting high-profile executive accounts and that scams continue to plague the crypto ecosystem, impacting Robinhood's broader crypto strategy.