Morning Edition · Tuesday, July 14, 2026Published at 1:28 AM EDT · New York
Honeypot Tokens Vanish From Robinhood Chain Wallets as Weekly Exploit Losses Mount
Relay says buyers on Robinhood's permissionless layer-2 lost funds to self-erasing scam contracts, one of several incidents tracked across chains this week.
Cross-chain protocol Relay warned that buyers on Robinhood Chain, Robinhood's new permissionless Ethereum layer-2, are losing money to scam tokens that erase themselves after purchase, CryptoSlate reported. The scam contracts accept a swap,…
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Part of a tracked trend
New Chains Import Old Scam Tactics
Each newly launched permissionless chain that attracts retail liquidity behind a trusted brand reproduces the same honeypot and self-erasing-token frauds, making onboarding fraud a recurring cost of open listing.
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