Robinhood on-chain has a token issuing crew. In just two months, they issued 53 coins. The amount they can directly pull out already exceeds $18.43 million.
The scheme is simple: the money earned from one coin’s “rug pull” is transferred into the next coin’s funding wallet, and usually within seconds they start the next round. For almost every coin when it launches, 70% or more of the tokens are snatched by 70 to 200 bundled wallets. Most of the activity goes through the Pons V2 launch platform.
Some even first release a fake trading pool to warm things up, then reveal the real contract address.
The DEED that prompted this investigation: the deployer made nearly $900,000. Even within this group, that wouldn’t place them in the top ten. On-chain analyst Wazz said that most of these funds are kept in ETH and cannot yet be frozen.$NVDAB
The scheme is simple: the money earned from one coin’s “rug pull” is transferred into the next coin’s funding wallet, and usually within seconds they start the next round. For almost every coin when it launches, 70% or more of the tokens are snatched by 70 to 200 bundled wallets. Most of the activity goes through the Pons V2 launch platform.
Some even first release a fake trading pool to warm things up, then reveal the real contract address.
The DEED that prompted this investigation: the deployer made nearly $900,000. Even within this group, that wouldn’t place them in the top ten. On-chain analyst Wazz said that most of these funds are kept in ETH and cannot yet be frozen.$NVDAB
