Robinhood CEO Says X Account Was Hacked, Meme Coin Posts Were Fake
JH Kim
Summary
- Vladimir Tenev, Robinhood's CEO, reiterated that his X account was hacked and that all meme coin-related content posted at the time was false.
- He said the hacker gained access to the account through social engineering and then posted promotions for various meme coins. Tenev later worked with X's security team to remove the posts and regain control of the account.
- After Tenev's X account posted messages introducing meme coins tied to Robinhood Chain, prices of the related meme coins swung sharply over a short period.
Forecast Trend Report by Period
Vladimir Tenev, chief executive officer of Robinhood Markets Inc. (HOOD), said on July 28 that his X account was hacked last week and reiterated that all meme-coin content posted at the time was false.
He said the hacker used social engineering to trick X's customer support team into granting access to the account. The attacker then posted promotional messages about various meme coins. Tenev later worked with X's security team to remove the posts and regain control of the account.
Tenev's X account showed signs of being compromised on July 24, when it posted messages introducing meme coins tied to Robinhood Chain. Prices of the related meme coins then swung sharply over a short period.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.