On-chain analyst Wazz has identified a persistent rug pull group operating on the Robinhood chain that extracted approximately $18.43 million through at least 53 token launches over the past two months. The coordinated cash-out scheme suggests a systematic operation targeting new token deployments on the platform.
The investigation was initially triggered by suspicious activity surrounding the DEED token, which ultimately did not rank among the group's top ten largest cash-outs. Wazz noted that the actual scale of the operation may exceed current findings, indicating potentially broader exposure across the Robinhood chain ecosystem.
Analyst Uncovers $18.43M Rug Pull Operation Across 53 Robinhood Chain Token Launches
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