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Crypto DeFi

Analyst: Robinhood Chain Rug-Pull Group Drained $18.43M Across 53 Token Launches

On-chain analyst Wazz identified a persistent rug-pull operation on Robinhood Chain that launched at least 53 tokens over the past two months, cashing out roughly $18.43 million in total. The actual figure may be larger, and the DEED token that prompted the investigation did not even rank among the group’s top ten cash-outs.

Original source

AI take

The scale here matters less than the pattern: a single coordinated operation sustaining dozens of launches over months suggests Robinhood Chain's launch mechanics are cheap enough to industrialize, and that the disclosed $18.43 million is a floor rather than a total. That the triggering token ranked outside the top ten cash-outs implies detection is lagging well behind extraction. The open question is whether the chain's operators treat this as an enforcement problem or accept it as the cost of open token deployment.

Generated by AI for reference only.

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