Robinhood Chain’s $1.5 billion boom is attracting memecoin rug factories
- Robinhood Chain’s $1.5 billion TVL is attracting scammers faster than a meat wallet attracts cheap sushi. GoPlus flagged a second rug factory recycling $9 million through batch wallets, proving that "decentralization" is just a fancy word for "harder to catch the guy stealing your lunch money." They’re using PonsV2 infrastructure to make coordinated dumps look like organic trading—because nothing says innovation like laundering theft through 400 fresh addresses. It’s not a rug pull; it’s aggressive passive income via social engineering. Robinhood has 28 million users and zero effective filters. If you think this chain is safe because it’s backed by a brokerage, remember: even Core Dynamics can’t audit greed. Stay sharp, or become liquidity.