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Scam tokens reportedly cause purchases on Robinhood Chain to vanish

Relay says the missing funds are gone, and it is blocking the tokens it says appear dubious while verifying others as Robinhood Chain activity surged.

Reported · Written up by our desk · Market Structure

Cross-chain transaction protocol Relay said buyers on Robinhood Chain, Robinhood’s permissionless Ethereum layer 2, have lost money after tokens they purchased disappeared from their wallets.

Relay said the incidents were not the result of wallet or private key compromises, and that other balances and keys beyond the identified tokens were left untouched. The company linked the losses to specific, likely dubious token purchases but did not say why the tokens vanished, or which wallets or apps were involved in the trades.

Relay is blocking tokens as they appear and verifying assets it deems safe, adding that anyone can list a token. It also warned that anyone who bought an affected token should assume the funds spent are gone, while noting it did not publish contract addresses or transactions, leaving reported losses independently unverified.

The warning arrived as Robinhood Chain saw early speculative momentum. Robinhood launched the public mainnet on July 1, with decentralized exchange volume peaking near $400 million on July 7, and Pump.fun adding trading for Robinhood Chain tokens on July 8. Open token creation enables developers to deploy contracts without Robinhood’s approval, allowing third party tokens and liquidity to form around the brand.

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