Robinhood Chain tokens are reportedly vanishing from wallets causing buyers to lose funds
Relay said some buyers on Robinhood Chain lost money after buying scam-like tokens that later disappeared from their wallets. Relay said the issue did not appear to be a wallet or private-key compromise; only the purchased token balances vanished, while other keys and funds were unchanged. It is blocking those tokens as they appear and verifying assets it considers safe. The incidents were tied to likely dubious token purchases on Robinhood Chain, but the affected contract addresses, transactions, buyer count, total losses, and technical cause were not disclosed, so the reports could not be independently verified. Relay did not say the trades used Robinhood Wallet or that brokerage accounts were affected. The warning came shortly after Robinhood Chain launched its permissionless mainnet and during a spike in speculative trading. Because anyone can create tokens, scam assets can circulate without Robinhood approval. The key unresolved issue is whether users can see risk warnings before signing irreversible swaps.
