{"id":922233,"date":"2026-07-24T15:12:35","date_gmt":"2026-07-24T20:12:35","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/24\/robinhood-ceo-x-hack-fake-vlad-token-yields-1-2m-in-22m-trading-frenzy\/"},"modified":"2026-07-24T15:12:35","modified_gmt":"2026-07-24T20:12:35","slug":"robinhood-ceo-x-hack-fake-vlad-token-yields-1-2m-in-22m-trading-frenzy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/24\/robinhood-ceo-x-hack-fake-vlad-token-yields-1-2m-in-22m-trading-frenzy\/","title":{"rendered":"Robinhood CEO X Hack: Fake $VLAD Token Yields $1.2M in $22M Trading Frenzy"},"content":{"rendered":"
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The X account of Robinhood CEO Vlad Tenev was recently compromised and used to promote the fake memecoin Vladhood (VLAD), with the hacker making $1.2 million in trading fees.<\/p>\n

On July 23, a malicious actor launched the VLAD memecoin on the newly debuted Robinhood Chain (an Ethereum Layer-2 network). He then promoted it on the executive\u2019s compromised X page, calling it the \u201cofficial Robinhood Chain mascot\u201d.\u00a0<\/p>\n

Within hours, the token\u2019s trading volume surged to $22 million. Its price skyrocketed by over 90,000% to trade at around $0.0026. The contract accumulated 5,266 holders and 137,000 transfers on Robinhood Chain.\u00a0<\/p>\n

In a typical rug pull, the hacker would have made away with all the liquidity, leaving buyers holding worthless tokens. In this scenario, however, the attacker launched the memecoin using the Pons launchpad. The platform locked all the liquidity but allowed any token creator to withdraw trading fees, which is what this hacker did. By repeatedly calling on the fee function, he was able to make off with 650 ETH (worth about $1.2-$1.3 million at the time).<\/p>\n

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The response<\/h2>\n

The Robinhood Communications X account noted the compromise within about 40 minutes of its execution, and warned users<\/a> of the same. Shortly after, X deleted the post on Vlad\u2019s account and the Robinhood Chain blockchain explorer labeled the project a potential scam. By then, several copycat VLAD tokens had been launched by mimic thieves.<\/p>\n

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Source: Robinhood Chain block explorer<\/a><\/p>\n

Notably, Robinhood recently noted its inclusion of memecoins into its ecosystem alongside real-world assets (RWAs).\u00a0<\/p>\n

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Yesterday\u2019s attack leveraged this announcement, alongside the memecoin frenzy and the platform\u2019s low fees, to conduct the exploit. It also matched the July 12 hack of Starlink and SpaceX X accounts to promote another fraudulent memecoin that suffered a $2 million rug pull.<\/p>\n<\/div>\n

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