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Security firm: Large number of scam tokens detected on Robinhood Chain

2 hours ago

Security protocol Relay Protocol has issued a warning that a large number of scam tokens have emerged on the newly launched Robinhood Chain, putting investors at risk of total loss of funds after purchase. Relay Protocol confirmed it has received multiple user reports stating that after buying certain tokens, the assets immediately vanished from their wallets and cannot be sold or transferred. These honeypot tokens are restricted via smart contract code, allowing buys but blocking sales, leading to permanent locking of investors’ funds. The surge in scam tokens has coincided with the recent explosive growth in user activity and token creation volume on Robinhood Chain.

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