$18.4M Allegedly Extracted Across 53 Robinhood Chain Token Launches
đ° Wazz's investigation reveals a coordinated token extraction scheme linked to 53 launches on Robinhood Chain, estimating at least $18.43 million was siphoned off, with potential for higher losses.
đ The analysis uncovered a network of launches sharing funding and wallet relationships, with 45 of the 53 launches connected through rapid fund transfers, often involving multiple wallets and private keys.
đ Robinhood Chain has seen a surge in trading activity, generating around $50 million in revenue since its July launch, with monthly earnings skyrocketing from $3 million in July to approximately $40 million in September.
đ° Wazz's investigation reveals a coordinated token extraction scheme linked to 53 launches on Robinhood Chain, estimating at least $18.43 million was siphoned off, with potential for higher losses.
đ The analysis uncovered a network of launches sharing funding and wallet relationships, with 45 of the 53 launches connected through rapid fund transfers, often involving multiple wallets and private keys.
đ Robinhood Chain has seen a surge in trading activity, generating around $50 million in revenue since its July launch, with monthly earnings skyrocketing from $3 million in July to approximately $40 million in September.