Robinhood CEO Vlad Tenev provides update on X account hack
HOOD•Tenev says hacker used social engineering to bypass X safeguards
July 29 (Reuters) - 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."
U.S. 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.
