Robinhood CEO Vlad Tenev’s X account was compromised to promote a fake memecoin, giving crypto another reminder that social engineering still works best when it hijacks trust.

Robinhood Communications confirmed the incident in a post on X, saying Tenev’s account had been compromised and that the company worked with X to resolve the issue. The fraudulent posts promoted a fake token called “Vladhood,” claiming it was tied to Robinhood Chain and would be listed on the trading platform.

The scam posts were removed, but not before on-chain reports indicated the attackers extracted roughly 650 to 690 ETH, worth around $1.2 million to $1.3 million at the time.

This is a security story, but it is also a psychology story.

The attack worked…