A blockchain analyst identified 53 token launches on Robinhood Chain linked to a coordinated rug-pull scheme that extracted at least $18.43 million over two months. The operation used connected fund flows, shared private keys, and fake pre-launch contracts to deceive buyers, with individual projects like CRUMBS, LEGS, and PINK extracting millions each.
On-chain analyst Wazz identified 53 fake token launches on Robinhood Chain connected to a single rug-pull operation that extracted at least $18.43 million over two months. The scam used interconnected fund flows, shared private keys, and coordinated wallet sniping to steal from investors, with individual tokens like CRUMBS, LEGS, and PINK extracting millions each.
On-chain analyst Wazz identified 53 token launches on Robinhood Chain connected to a coordinated rug-pull operation that extracted at least $18.43 million over two months. The scheme used interconnected fund flows, shared private keys, and sniping wallets to manipulate supply, with individual tokens like CRUMBS, LEGS, and PINK extracting millions each.
X discussion thread about Robinhood Chain featuring memecoin launches, NFT mints, and crypto projects. Notable posts include alerts about token rug-pulls extracting $18.43M across 53 launches, an NFT project offering launchpad access, and a receipt-scanning app that converts purchases into stock tokens on Robinhood Chain.