Serial rug pull group spotted on Robinhood Chain: 53 token launches in two months, suspected of siphoning $18.43 million.
2026.09.27 22:32:43
On-chain analyst Wazz published a post revealing a large-scale suspected series of rug pulls and fund withdrawals on the Robinhood chain, linked to at least 53 token launches over the past two months. The total amount of funds directly involved so far stands at $18.43 million, with the actual scale likely higher. Wazz noted a clear correlation in fund flows between these projects: proceeds from one project are typically used to fund the key wallets of the next project just seconds later. Almost all projects were front-run at launch, seizing over 70% of the total token supply, and bundled through 70 to 200 wallets, with most issued via Pons V2. He also discovered that some projects even conduct "fake launches" first, attracting funds in advance through preheating and hype before disclosing the actual contract address to further increase the amount of funds siphoned off. CRUMBS is the project with the highest amount of funds siphoned off in the ongoing investigation, totaling approximately $3.12 million.
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