Robinhood Chain Faces $18.43 Million Rug-Pull Investigation
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6 Articles
An on-chain analyst claims to have connected 53 token launches at Robinhood Chain with a coordinated operation that would have mined at least $18.43 million. The tracking describes a strategy based on concentrating supply, promoting projects, and recycling profits to finance new chips.
An on-chain analyst discovered that behind dozens of seemingly independent token launches on Robinhood Chain moved the same hand. According to the investigation, the Robinhood Chain rug-pull scam would involve 53 different projects, all connected to a single network that took away at least $18.43 million from investors. Key points 53 token launches [...]
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapWazz traces 53 Robinhood Chain token launches to $18M rug-pull syndicate
The exposure of this syndicate underscores the urgent need for enhanced transparency and regulation in decentralized finance to protect investors.
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