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Crypto DeFi

Robinhood Chain Rug-Pull Ring Linked to 53 Token Launches, Cashed Out $18.43M in Two Months

A single group on Robinhood Chain has been linked to at least 53 token launch projects over the past two months, cashing out roughly $18.43 million through rug pulls, on-chain analyst Wazz found. The actual scale may be larger, and the DEED token cash-out that triggered the investigation does not rank among the group’s top ten.

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AI take

The striking detail is not the total but the distribution: the cash-out that exposed the scheme does not even rank in the group's top ten, suggesting the visible cases are a fraction of a repeatable playbook rather than isolated incidents. That pattern matters for Robinhood Chain specifically, since a chain courting retail token launches inherits the reputational cost when launch infrastructure is this easy to farm. The open question is whether the analyst's count is treated as a floor, and whether the chain's launch mechanics change in response.

Generated by AI for reference only.

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