The X account of Robinhood chief executive Vlad Tenev was compromised on Thursday when a post appeared promoting a fabricated memecoin named VLAD and displaying what appeared to be a malicious token contract address. The message accumulated more than 175,000 views within 20 minutes before users identified it as fraudulent and cautioned against interaction.

Robinhood confirmed the breach through its official communications channel and stated that it was cooperating with the platform to regain control. The post has been removed. The blockchain explorer associated with Robinhood’s chain has marked the token contract address as a scam.

On-chain monitoring indicated that the perpetrators extracted approximately 650 ether, valued at between $1.2 million and $1.3 million. Separate analysis of wallet activity suggested a related address spent $126.81 to acquire 47.2 million of the tokens, generating an estimated unrealized gain of roughly $159,000 at prevailing prices.

Incidents of account compromise and fraudulent token promotions continue to affect the digital asset sector. Attackers have increasingly favored phishing methods even as the overall value extracted through such schemes has moderated in recent months.