Analysis Reveals Organized Group Behind $18 Million Rug Pulls on Robinhood Chain

On-chain analyst Wazz identified a coordinated group that executed at least 53 rug pulls on the Robinhood chain over two months, extracting $18.43 million in liquidity. The group utilized automated pipelines involving fake contract launches, privilege backdoors to monopolize token supply, and rapid money laundering cycles to fund subsequent projects. While the chain's core RWA and tokenized stock services remain operational, the activity highlights risks associated with the platform's early-stage speculative environment.