Robinhood Chain rug-pull drains $18.43M across 53 token launches

An on-chain sleuth, analyst Wazz, detailed on September 27 a Robinhood Chain rug-pull scheme connecting 53 separate token launches to a single operation that drained at least $18.43 million. This appears to be one of the largest coordinated scams to hit a young blockchain network, highlighting the risks of investing in newly launched tokens.