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.
forming · confidence 40 · Emerging (watchlist) · tracking since July 14, 2026 · updated July 14, 2026
Why the conviction moved
- Jul 14Strengthened +3
Relay reports buyers on Robinhood's permissionless layer-2 lost funds to self-erasing honeypot contracts, one of several such incidents this week. A trusted retail brand's new chain reproducing the same onboarding fraud is exactly the recurring cost the thesis predicts.
Source trail
Supporting · July 14, 2026
Honeypot Tokens Vanish From Robinhood Chain Wallets as Weekly Exploit Losses Mount
Relay reports buyers on Robinhood's permissionless layer-2 lost funds to self-erasing honeypot contracts, one of several such incidents this week. A trusted retail brand's new chain reproducing the same onboarding fraud is exactly the recurring cost the thesis predicts.
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