Robinhood Chain Rug-Pull Discovered in 53 Token Launches Fraud
An on-chain sleuth just pulled back the curtain on what looks like one of the largest coordinated scams to hit a young blockchain network in recent memory. The Robinhood Chain rug-pullscheme, traced by analyst Wazz and detailed on September 27, connects 53 separate token launches to a single operation that drained at least $18.43 million from buyers over roughly two months. Key takeawaysAnalyst Wazz linked 53 token launcheson Robinhood Chain to one coordinated rug-pull operation.The scheme extracted at least $18.43 million, with the real figure likely higher.45 launches were tied together through direct on-chain fund flows, four through a shared private key, and four through a common collector wallet.Most launches used 70 to 200 walletsto quietly control over 70% of a tokens supply before going public.The top three drained tokens were CRUMBS ($3.12 million), LEGS ($2.9 million) and PINK ($1.44 million). Wazz Uncovers Large Robinhood Chain Rug-Pull Operation Tracing 53 Token Launches Over Two Months Wazz said he traced 53 Robinhood Chain token launches over roughly two months back to the same rug-pull operation. That is a striking number for a chain that only went live on July 1, 2026, as an Arbitrum Orbit Layer 2 network. In under three months of operation, Robinhood









