Report: Single group allegedly drains $18.43 million from 53 meme coins on Robinhood Chain

On-chain analyst Wazz reported that a single group is allegedly responsible for draining at least $18.43 million from 53 meme coins launched on the Robinhood Chain between July 10 and September 21. Investigations revealed suspicious patterns, including the exemption of specific wallets from a 99% sniper tax on the PonsV2 token and the movement of 179.88 ETH from DRAFT-related funds to finance DEED. The Block has verified connections between the funds involved in these multiple token launches.