Relay Protocol warns users about scam tokens on Robinhood Chain that disappear from wallets after purchase.
Security & Exploits ·
Relay Protocol has alerted users to fraudulent tokens on Robinhood Chain that vanish from wallets following purchase, with an uptick in such scams reported. These tokens are engineered to remove themselves after a transaction completes, meaning funds spent on them are lost permanently. The protocol stated it is blocking identified scam tokens while verifying legitimate ones as they emerge.
The incident does not involve wallet compromise or theft of private keys; only balances tied to the fraudulent token purchase are affected. Relay Protocol emphasized that the broader security of user accounts and other token holdings remains intact. The protocol reminded users that token listing is open to anyone, and recommended purchasing only from tokens verified by Relay Protocol or another trusted source.
Users claiming to have been affected can contact support through the provided channel. Whether similar scams have appeared on other chains or what proportion of tokens on Robinhood Chain may be affected remains unclear.