SynopsisRobinhood CEO Vlad Tenev stated a hacker used social engineering to access his X account. The fraudster gained entry by bypassing standard security features like two-factor authentication. This hack promoted a memecoin called "Vladhood" on Tenev's compromised account last week. The account was fully restored and the fake post was removed later that day. X has since implemented additional safeguards to prevent future security breaches on his account.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. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now