GoPlus Uncovers New Meme Coin Fraud Ring on Robinhood Chain With Over $9M in 30-Day Volume

GoPlus, a blockchain security firm, said on September 28 it had found a new high-risk meme coin fraud ring on the Robinhood chain, separate from an earlier rug-pull exposed by researcher Wazz. Over 30 days the ring touched hundreds of fraudulent tokens with two-way volume above 3,589 ETH (about $9.49 million); its main collection address logged about 1,385 transactions and held roughly 56.06 ETH as of September 28. It spreads tokens across new wallets and recycles proceeds through a shared address rather than pulling liquidity outright, and shares heavy use of Pons V2 contracts with Wazz's case, though it's unclear if the same group is involved.