Robinhood CEO Vlad Tenev has addressed the current compromise of his X account after hackers used the profile to advertise a faux crypto scheme.
Tenev returned to the platform on Thursday, stating that Robinhood was “awaiting particulars” from X to higher perceive what occurred. He additionally clarified that the buying and selling large had not launched any cryptocurrency token regardless of its deep involvement within the crypto sector.
“I am again. We’re awaiting particulars from the @X workforce to higher perceive what occurred. In case it wasn’t clear, Robinhood has not issued any cash or tokens. Keep protected on the market,” Tenev posted.
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On Thursday, Robinhood’s communications workforce confirmed that Tenev’s account had been compromised to promote a bogus meme coin.
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“Our CEO Vlad Tenev’s X account was compromised and posted a faux promotion for a meme coin. We’re working with X to revive entry and the publish has been eliminated,” Robinhood Comms mentioned.
A well-known sample
The faux promotion follows a well-known sample that’s usually noticed in crypto-related account breaches. Attackers take management of high-profile social accounts and promote faux tokens or giveaways within the hope of luring in gullible and uninformed victims.
In 2020, hackers gained entry to dozens of distinguished X accounts, together with these linked to Elon Musk, to promote a faux BTC giveaway.
In September 2023, Ethereum co-founder Vitalik Buterin’s X account was compromised and used to advertise a faux NFT giveaway.
Typically hackers get extra artistic. The U.S. Securities and Change Fee’s official X account was compromised to prematurely announce the approval of spot Bitcoin ETFs. This briefly pushed the worth of Bitcoin (BTC) sharply larger.
Earlier this month, Airbnb CEO Brian Chesky additionally revealed that his X account had been compromised after hackers used it to publish a prolonged thread discussing blockchain-based tokenization and real-world belongings. Some observers questioned why a hacker would select to advertise tokenization.