Unauthorized posts from Vlad Tenev’s compromised X account led to a fraudulent token scheme netting 650 ETH in illicit gains.
A hacker compromised Robinhood CEO Vlad Tenev’s X account on July 23, 2026, posting a fraudulent announcement for a VLAD token linked to Robinhood Chain. The post, later deleted, directed users to a scam contract address flagged by the block explorer.
On-chain data showed the attacker converted proceeds into approximately 650 ETH, valued between $1.2 million and $1.3 million. Robinhood has not confirmed the breach but removed the post after identifying the scam.
No immediate market reaction was reported, though the incident highlights risks tied to high-profile social media compromises in crypto markets.