Robinhood Chain Scam Tokens Trigger Wallet Concerns as Relay Confirms User Funds Lost

• Relay says scam tokens vanished after purchase but wallets and private keys remained secure.
• Robinhood Chain users reported losing funds after buying malicious memecoins.
• Robinhood Chain topped $70M in bridged ETH as network activity kept expanding.

Robinhood Chain has recorded high growth in trading activity and bridged assets since its launch, but the network is also facing reports of scam tokens affecting early participants. Relay Protocol confirmed that some users have purchased illicit tokens made to disappear from their wallets immediately after a transaction, leading to permanent losses of the funds used to make those purchases.

The clarification came as social media users shared screenshots and complaints after seeing newly purchased memecoins vanish from their wallets, raising concerns about token safety on the recently launched Ethereum Layer 2 network.

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