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