Robinhood Chain’s $1.5 billion boom is attracting memecoin rug factories
A second suspected memecoin rug factory has emerged on Robinhood Chain as the network's value surged to over $1.5 billion. Blockchain security firm GoPlus identified a high-risk operation involving hundreds of memecoins that routed more than $9 million through common fund-consolidation networks in the past 30 days. The incident highlights growing coordinated scam activities on the platform. For more details, see the original report on CryptoSlate.
A second suspected memecoin rug factory has emerged on Robinhood Chain as the network's value surged to over $1.5 billion. Blockchain security firm GoPlus identified a high-risk operation involving hundreds of memecoins that routed more than $9 million through common fund-consolidation networks in the past 30 days. The incident highlights growing coordinated scam activities on the platform. For more details, see the original report on CryptoSlate.
Sources
- CryptoSlate — Robinhood Chain’s $1.5 billion boom is attracting memecoin rug factories
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