Hackers took over the X account of Robinhood CEO Vlad Tenev on Thursday. They used it to push a brand new crypto coin, Vladhood (VLAD), that has already been flagged as a probable rip-off.
The faux put up referred to as VLAD the official mascot of Robinhood Chain. It even mentioned the coin can be listed within the Robinhood app.
Contained in the Robinhood CEO X Account Hack
Robinhood’s personal accounts stayed silent. So did Robinhood Crypto. That was the primary clue the put up was faux.
The message began with a query. Does Robinhood love memes? It answered sure, then shared the coin’s tackle and signed off, “Welcome to the Hood.”
The put up has since been deleted.
A blockchain tracker for Robinhood Chain marks the coin as a probable rip-off. The token holds no actual cash. It has modified palms about 1,868 occasions since launch.
In response to on-chain monitoring by MLM, the attacker generated round 650 ETH in proceeds from the VLAD token, value roughly $1.2 million to $1.3 million.
Scams like this preserve hitting the community. Studies of rug pulls have multiplied. The trick shouldn’t be new. A faux coin named after Coinbase boss Brian Armstrong crashed this month, a lesson about trusting posts from govt accounts.
Meme Cash Maintain Testing Robinhood Chain
Robinhood Chain went dwell on July 1. It’s a new blockchain that Robinhood constructed on Ethereum. The corporate desires it to energy tokenized shares and different real-world property.
However memecoins took over quick. The community now handles thousands and thousands of trades a day. Dangerous meme cash drive most of it, and lately pushed it to document buying and selling quantity. Whole buying and selling has topped roughly $9 billion, in keeping with Entropy Advisors.
One coin, the Money Cat meme coin, has led the pack. Some consultants fear this meme coin buying and selling increase may damage Robinhood’s larger plans for tokenized shares.
Tenev has welcomed the enjoyable. He as soon as posted that the chain “works nice for memes too.” Now that very same hype has been turned towards him.
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