Robinhood CEO Vlad Tenev provides update on X account hack

Robinhood CEO Vlad Tenev said on Tuesday that a hacker who posted fake content about a memecoin on his X account last week ‌used ⁠social engineering ⁠to bypass security guardrails.

The hack, which took place on July 23, was used to promote a token called "Vladhood" on Tenev's account. The account was fully restored, ⁠and the ‌post was taken down later that day.

"A fraudster ⁠socially engineered X customer support to gain access, bypassing standard security features like 2FA and login notifications...," Tenev said in a post on X.


"Going forward, X account security has ‌set up additional safeguards on my account to prevent this from happening ⁠again."

US companies have been facing a rise in cybersecurity incidents in recent times, especially from a wave of AI-driven hacks that steal sensitive data and disrupt operations.