GoPlus Identifies Another High-Risk Meme Coin Factory on Robinhood Chain

GoPlus reported a new high-risk fraud network on the Robinhood chain, with over $9 million in transaction volume over the last 30 days involving hundreds of fraudulent meme coins. The associated collection address has seen approximately 3,589 ETH in total volume. The fraud pattern involves creating tokens based on trending topics, distributing them to numerous new wallets, and using decentralized routers to liquidate assets.