Token Pocket CMO: Robinhood Founder's Seed Phrase Leaked During Livestream, Address Now Frozen

Odaily reported that Michael, Chief Business Officer of Token Pocket, posted on platform X that Robinhood founder's seed phrase was leaked during his livestream. After gaining control of the address, the hacker used it and associated addresses to heavily purchase the Meme token $1, prompting thousands of investors to follow suit. Within a short period, the token's market cap was rapidly pushed from approximately $500,000 to $14 million.

Subsequently, the price of the $1 token dropped significantly, with two-hour trading volume reaching approximately $20 million. After the address was frozen, the hacker quickly moved to BNB Chain, using the address and its associated addresses to issue new tokens. By creating trading activity through methods such as wash trading, the hacker ultimately implemented a dump to cash out.

Currently, Robinhood's RPC has frozen the address. The node does not allow transactions initiated by this address to be packaged, so transfers, purchases, and sales cannot be carried out.