Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy

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Since debuting earlier this month, the network has attracted more than $700 million in assets across stablecoins, tokenized stocks and memecoins, according to a Dune dashboard created by Entropy Advisors. The blockchain has also surpassed 300,000 daily active addresses and processed roughly 10 million transactions in a single day, the dashboard shows. The rapid growth in activity has also fueled a wave of new memecoins attempting to capitalize on the chain's rising popularity.

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Robinhood CEO Vlad Tenev's X account was hacked to promote a specific meme coin. This security incident, occurring amid the recent meme coin craze, clearly exposes the vulnerabilities of the crypto market. Investors must exercise extreme caution against scams and hacks through celebrity accounts.

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