Token Pocket Chief Business Officer: Robinhood Founder's Seed Phrase Leaked During Live Stream, Address Has Been Frozen

Odaily Planet Daily News Token Pocket Chief Business Officer Michael posted on Platform X that Robinhood founder's seed phrase was leaked during his live stream. After hackers gained control of the address, they used this address and associated addresses to heavily buy Meme token $1, causing thousands of investors to follow suit, rapidly pushing the token's market cap from approximately $500,000 to $14 million in a short period.

Subsequently, the price of the $1 token dropped sharply, with two-hour trading volume reaching about $20 million. After the address was frozen, the hacker quickly moved to BNB Chain, using this address and its associated addresses to issue new tokens, creating trading activity through self-buying and self-selling methods, ultimately dumping tokens for cash.

Currently, Robinhood's RPC has frozen the address. Nodes do not allow transactions initiated by this address to be packaged, so it cannot transfer funds or conduct any trading.