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Woofun AI reports that funds are vanishing from user wallets on Robinhood Chain, a permissionless Ethereum Layer 2 network operated by Robinhood, following the purchase of malicious tokens. Cross-chain transaction protocol Relay identified the incident, confirming that buyers lost money after assets disappeared, while explicitly stating they did not promote the offending tokens or determine the technical cause of the disappearance.
Relay operates a distinct bridge and swap interface supporting the network, noting a surge in scam tokens engineered to self-remove post-purchase. The protocol stated it is actively blocking these tokens as they emerge and verifying safe alternatives, though it did not specify whether the affected transactions routed through its own infrastructure or other aggregators like 0x API and LI.FI, which Robinhood Wallet uses for in-app swaps.
Woofun AI data shows that critical details remain obscured, including specific contract addresses, transaction hashes, buyer counts, and total financial losses. Relay’s warning failed to clarify if users received alerts before signing transactions or only after completing purchases, leaving the technical mechanism behind the asset removal unverified and the scope of the incident unclear.
The immediate challenge lies in how rapidly blocklists and warnings propagate across various trading interfaces to prevent further exposure. Users require clear visibility into an asset's status prior to execution, as the nature of these transactions renders any purchase irreversible once finalized.