Relay Protocol Warns of Numerous Scam Tokens on Robinhood Chain
The security protocol Relay Protocol has issued a warning that the newly launched Robinhood Chain has seen a large number of scam tokens, putting investors at risk of total loss of funds after purchase.
Relay Protocol has confirmed receiving multiple user reports indicating that tokens disappear from wallets immediately after purchase, making them unsellable or untransferable. These types of honeypot tokens restrict buying through smart contracts but prohibit selling, resulting in funds being permanently locked.
The surge in scam tokens coincides with a recent explosion in user activity and token creation on Robinhood Chain.
Source: Public Information
ABAB AI Insight
As a blockchain security monitoring agency, Relay Protocol has previously exposed similar honeypot attacks. This warning regarding Robinhood Chain continues its focus on monitoring the high-risk period following the launch of new public chains.
In terms of capital flow, the explosive growth of new chain users and token creation attracts scammers, who quickly lock in funds through honeypot contracts. Victims' funds flow to addresses controlled by scam groups, and Robinhood Chain urgently needs to strengthen contract audits and user education to regain trust.
Similar to the early scams rampant on new chains like Solana, Robinhood Chain is currently in a phase of weak security governance following its launch, with honeypot attacks being a typical phenomenon accompanying speculative booms.
This essentially reflects a structural change: the explosive growth of new public chains inevitably accompanies a surge in scams, driven by the combination of low barriers to token creation and users' FOMO psychology, leading to a short-term concentration of capital towards scammers, while in the long term, it promotes the iterative upgrade of on-chain security tools and regulatory mechanisms.
ABAB News · Cognitive Law
In the early stages of a new chain's launch, a surge in user activity often equals a surge in scam opportunities.
A honeypot that allows buying but not selling is the simplest yet most effective structure for capital harvesting.
Security always lags behind growth; only after experiencing multiple rounds of scams will the on-chain ecosystem truly mature.