Woofun AI reports that Relay Protocol has issued a security alert regarding a surge in honeypot scam tokens on the Arbitrum-based Layer 2 network Robinhood Chain since its July 1 launch. Users purchasing these tokens experience immediate fund drainage, with assets disappearing from wallets due to malicious logic embedded within the token contracts rather than any compromise of wallet infrastructure or private keys.

The platform clarified that these scams utilize hard-coded rules to prevent selling or automatically transfer funds to attacker addresses, with some contracts employing hidden storage mappings to bypass standard ERC-20 security checks. Relay Protocol is actively blocking identified scam tokens and verifying safe ones, advising users to trade only verified tokens, double-check contract addresses, and test transactions with small amounts. The protocol noted that such early-stage scam activity is common across new L1 and L2 chain launches.