$18.4M Allegedly Extracted Across 53 Robinhood Chain Token Launches

The findings do not allege any involvement by Pons, Robinhood, or the operators of the network in the alleged scheme. Pseudonymous onchain analyst Wazz has published an investigation alleging a large, organized token extraction operation connected to 53 launches on Robinhood Chain over a two-month period. The wallets and transactions involved in the operation were linked through the movement of funds between launches. Fake Launches, Wallet Bundles Wazz estimates that the group extracted at least $18.43 million but acknowledged that the figure could be higher because the analysis only includes activity they could directly connect onchain. The investigation began with the DEED launch. However, Wazz said DEED was not among the 10 launches with the highest amount extracted. Instead, the analyst identified a wider network of launches that appeared to share funding and wallet relationships. The proceeds from one token launch were often moved through a hub and then used to fund another launch. Interestingly, in some cases, the transfer happened only seconds before the same funding key was used for the next launch. According to the investigation, 45 of the 53 launches were connected throug...