Audit log

Every state-changing event for Robinhood Chain Rug-Pull Syndicate: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-09-28 12:03:35Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 451,313,616

   sig

   S57iypf5hxUR…DXeq4VXmcopyexplorer ↗

   hash

   6YuFEfDWXbpf…D8H5LLSVcopysha256 → base58

   verifying row…full verify ↗

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   {"actor":"system:backfill","investigation_id":"91d2c1d8-c0fc-4c49-847b-46b5de88be43","kind":"publish","page_slug":"robinhood-chain-rug-pull-syndicate","published_at":"2026-09-28T12:03:35.564Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Robinhood Chain Rug-Pull Syndicate","sections":[{"content":"Robinhood Chain is a permissionless Ethereum Layer 2 blockchain built on Arbitrum technology, operated by Robinhood Markets and launched on mainnet on July 1, 2026. It is designed to support tokenized stocks, DeFi products, and memecoin activity. Because it is permissionless, third parties can deploy tokens without Robinhood's approval or verification.\n\nPons V2 is the primary token launchpad on Robinhood Chain, launched August 4, 2026. It uses a bonding curve pricing mechanism and graduates tokens to locked Uniswap V4 pools. A notable feature allows token creators to exempt up to 32 wallet addresses from the platform's anti-sniping tax — a loophole that allegedly served as the primary technical mechanism exploited by the syndicate. As of late September 2026, Pons V2 remained unaudited, with security reviews by SB Security, Dingbats, and Pashov Audit Group still in progress.\n\nThe entity described here refers not to Robinhood Markets, Inc. or Robinhood Chain itself, but to the unidentified group or groups that allegedly operated coordinated rug-pull schemes on the chain. The investigation findings do not allege that Robinhood created, endorsed, or participated in these launches.","heading":"Overview and Background","severity":"high","sources":[{"credibility":1,"name":"Robinhood Chain Mainnet Launch (Robinhood Newsroom)","type":"official","url":"https://robinhood.com/us/en/newsroom/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading/"},{"credibility":2,"name":"CoinDesk: Robinhood rolls out public blockchain","type":"news_article","url":"https://www.coindesk.com/business/2026/07/01/robinhood-rolls-out-public-blockchain-as-it-expands-deeper-into-crypto"},{"credibility":2,"name":"Pons V2 Goes Live on Robinhood Chain (CryptoNews)","type":"news_article","url":"https://cryptonews.net/news/market/33233133/"}]},{"content":"On September 27, 2026, pseudonymous on-chain analyst Wazz (@WazzCrypto) published findings alleging that a single coordinated group executed 53 memecoin rug pulls on Robinhood Chain between July 10 and September 21, 2026, extracting at least $18.43 million from investors. Wazz stated that the true total is likely higher, as two additional unlinked serial operations were also identified on the chain but were excluded from the $18.43 million figure.\n\nThe three largest individual extractions identified were CRUMBS (approximately $3.12 million, involving 92 wallets), LEGS (approximately $2.9 million, involving 77 wallets), and PINK (approximately $1.44 million, involving 125 wallets). Two additional tokens named in the investigation include DEED and DRAFT. Nearly all extracted proceeds were reportedly converted to ETH, making them resistant to freezing measures.","heading":"Alleged Scheme: Scale and Financial Impact","severity":"critical","sources":[{"credibility":2,"name":"Wazz traces 53 Robinhood Chain token launches to $18M rug-pull syndicate (Crypto Briefing)","type":"news_article","url":"https://cryptobriefing.com/wazz-robinhood-chain-rug-pull-18m/"},{"credibility":2,"name":"53 Robinhood Chain Token Launches Linked to Rug-Pull Operation (FinanceFeeds)","type":"news_article","url":"https://financefeeds.com/53-robinhood-chain-token-launches-linked-to-rug-pull-operation-at-least-18-43m-extracted/"},{"credibility":2,"name":"Analyst Exposes $18.43M Robinhood Chain Memecoin Rug Pull Ring (CryptoTimes)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"}]},{"content":"According to Wazz's analysis, the alleged syndicate used networks of between 70 and 200 wallet addresses per launch to collectively acquire over 70% of each token's total supply at or immediately after deployment, primarily through the Pons V2 platform.\n\nThe alleged mechanism exploited Pons V2's anti-sniping protection: the platform imposes a tax starting at 99% on purchases made within seconds of a token launch, decreasing to zero after approximately five seconds. Creators may exempt up to 32 addresses from this tax. According to Wazz, the syndicate exempted between 15 and 25 wallets per launch; a single transaction then purchased tokens for all exempted wallets simultaneously, emptying the bonding curve and securing approximately 82% to 86% of total supply before public trading began.\n\nA commercial bundling contract, created August 28, 2026, was identified as having facilitated opening buys for 25 of the 53 launches.\n\nThe operation was allegedly self-financing: proceeds from each completed rug pull were routed within seconds into wallets used to fund the next launch. Wazz also identified what were described as 'fake launches' — misleading pre-launch campaigns designed to build investor interest before revealing actual contract addresses.","heading":"Alleged Methodology: Wallet Bundling and Tax Exemption Exploitation","severity":"critical","sources":[{"credibility":2,"name":"Analyst Exposes $18.43M Robinhood Chain Memecoin Rug Pull Ring (CryptoTimes)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"},{"credibility":2,"name":"Inside the $18 Million Rug Pull Rocking Robinhood Chain (CoinCentral)","type":"news_article","url":"https://coincentral.com/inside-the-18-million-rug-pull-rocking-robinhood-chain"},{"credibility":2,"name":"Robinhood Chain Hit by Coordinated $18M Memecoin Fraud Operation (Blockonomi)","type":"news_article","url":"https://blockonomi.com/robinhood-chain-hit-by-coordinated-18m-memecoin-fraud-operation"}]},{"content":"The Block, a Tier 2 crypto news outlet, independently reviewed Robinhood Chain on-chain data and published partial corroboration of Wazz's findings on September 27, 2026. The Block confirmed that creators of 10 of the 53 Pons V2 launches listed by Wazz had exempted specific wallets from the anti-sniping tax, and that those wallets subsequently acquired 82% to 86% of each token's supply. The Block also independently traced a fund flow from 179.88 ETH swept out of wallets tied to the DRAFT launch to the wallet that funded the DEED launch, approximately 40 minutes before DEED went live — corroborating Wazz's linkage methodology.\n\nThe 43 remaining launches in Wazz's list have not been independently verified by a third party as of the date of this report. The investigation rests primarily on the work of a single analyst, Wazz, who operates pseudonymously. No academic institution, law enforcement body, or regulatory agency has confirmed or endorsed the full scope of the findings.","heading":"Independent Verification","severity":"medium","sources":[{"credibility":2,"name":"Onchain analyst links $18.4M in Robinhood Chain memecoin extractions to single rug-pull operation (The Block)","type":"research","url":"https://www.theblock.co/news/defi/2026-09-27-onchain-analyst-links-18-4-million-in-robinhood-chain-memecoin-extractions-to-single-rug-pull-operation-416960"}]},{"content":"As of September 28, 2026, no individual has been publicly identified, named, charged, or arrested in connection with this alleged scheme. The investigation was conducted by Wazz using on-chain data; the pseudonymous analyst maintains a private database of implicated wallet addresses. All involved wallets have reportedly been tagged in labeling databases, but no law enforcement agency has announced a formal investigation, and no regulatory body — including the SEC, CFTC, or DOJ — has issued any related action or statement.\n\nThe perpetrators remain entirely anonymous. No court filings, indictments, or regulatory complaints related to this scheme exist in the public record as of this report.","heading":"Perpetrator Identification and Law Enforcement Status","severity":"high","sources":[{"credibility":2,"name":"53 Robinhood Chain Token Launches Linked to Rug-Pull Operation (FinanceFeeds)","type":"news_article","url":"https://financefeeds.com/53-robinhood-chain-token-launches-linked-to-rug-pull-operation-at-least-18-43m-extracted/"},{"credibility":2,"name":"Robinhood Chain Faces $18.43 Million Rug-Pull Investigation (CoinFomania)","type":"news_article","url":"https://coinfomania.com/robinhood-chain-faces-18-43-million-rug-pull-investigation/"}]},{"content":"Robinhood Chain is a permissionless Layer 2 network; Robinhood Markets does not vet or approve individual token deployments. The investigation findings explicitly state they do not allege that Robinhood created, endorsed, or participated in the fraudulent launches. As of September 28, 2026, no official public statement from Robinhood Markets addressing the rug-pull scheme has been documented in available sources.\n\nThe Pons V2 launchpad, operated independently of Robinhood Markets, remained unaudited at the time the scheme was operating and at the time this report was written. The tax-exemption feature that allegedly enabled the supply concentration was a documented platform design choice, not a zero-day vulnerability.\n\nUsers of Robinhood Chain also reported a separate, unrelated issue in which purchased tokens vanished directly from wallets after purchase, though this appears distinct from the coordinated syndicate scheme.","heading":"Robinhood Markets' Position and Platform Responsibility","severity":"medium","sources":[{"credibility":2,"name":"Robinhood Chain users report vanishing tokens scam (KuCoin Flash)","type":"news_article","url":"https://www.kucoin.com/news/flash/robinhood-chain-users-report-vanishing-tokens-scam-after-purchase"},{"credibility":2,"name":"New Chain Hype Meets Old Scam Tactics: Relay Protocol Warns of Robinhood Chain Honeypot Coins (Bitcoin.com News)","type":"news_article","url":"https://news.bitcoin.com/new-chain-hype-meets-old-scam-tactics-relay-protocol-warns-of-robinhood-chain-honeypot-coins/"},{"credibility":3,"name":"Pons Launchpad Guide: V1 and V2 on Robinhood Chain (CoinGabbar)","type":"news_article","url":"https://www.coingabbar.com/en/pons-launchpad-guide-understanding-token-launches"}]}],"sources_used":[{"credibility":2,"name":"Wazz traces 53 Robinhood Chain token launches to $18M rug-pull syndicate (Crypto Briefing)","type":"news_article","url":"https://cryptobriefing.com/wazz-robinhood-chain-rug-pull-18m/"},{"credibility":2,"name":"Analyst Exposes $18.43M Robinhood Chain Memecoin Rug Pull Ring (CryptoTimes)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"},{"credibility":2,"name":"53 Robinhood Chain Token Launches Linked to Rug-Pull Operation (FinanceFeeds)","type":"news_article","url":"https://financefeeds.com/53-robinhood-chain-token-launches-linked-to-rug-pull-operation-at-least-18-43m-extracted/"},{"credibility":2,"name":"Onchain analyst links $18.4M in Robinhood Chain memecoin extractions to single rug-pull operation (The Block)","type":"research","url":"https://www.theblock.co/news/defi/2026-09-27-onchain-analyst-links-18-4-million-in-robinhood-chain-memecoin-extractions-to-single-rug-pull-operation-416960"},{"credibility":2,"name":"Inside the $18 Million Rug Pull Rocking Robinhood Chain (CoinCentral)","type":"news_article","url":"https://coincentral.com/inside-the-18-million-rug-pull-rocking-robinhood-chain"},{"credibility":2,"name":"Robinhood Chain rug-pull drains $18.43M across 53 token launches (Cryptonomist)","type":"news_article","url":"https://en.cryptonomist.ch/2026/09/27/robinhood-chain-rug-pull/"},{"credibility":2,"name":"Robinhood Chain Faces $18.43 Million Rug-Pull Investigation (CoinFomania)","type":"news_article","url":"https://coinfomania.com/robinhood-chain-faces-18-43-million-rug-pull-investigation/"},{"credibility":2,"name":"Robinhood Chain Hit by Coordinated $18M Memecoin Fraud Operation (Blockonomi)","type":"news_article","url":"https://blockonomi.com/robinhood-chain-hit-by-coordinated-18m-memecoin-fraud-operation"},{"credibility":2,"name":"Robinhood Chain users report vanishing tokens scam (KuCoin)","type":"news_article","url":"https://www.kucoin.com/news/flash/robinhood-chain-users-report-vanishing-tokens-scam-after-purchase"},{"credibility":2,"name":"New Chain Hype Meets Old Scam Tactics: Relay Protocol Warns of Robinhood Chain Honeypot Coins (Bitcoin.com News)","type":"news_article","url":"https://news.bitcoin.com/new-chain-hype-meets-old-scam-tactics-relay-protocol-warns-of-robinhood-chain-honeypot-coins/"},{"credibility":1,"name":"Robinhood Chain Mainnet Launch — Official Newsroom","type":"official","url":"https://robinhood.com/us/en/newsroom/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading/"},{"credibility":2,"name":"CoinDesk: Robinhood rolls out public blockchain","type":"news_article","url":"https://www.coindesk.com/business/2026/07/01/robinhood-rolls-out-public-blockchain-as-it-expands-deeper-into-crypto"},{"credibility":2,"name":"Pons V2 Goes Live on Robinhood Chain (CryptoNews)","type":"news_article","url":"https://cryptonews.net/news/market/33233133/"},{"credibility":3,"name":"Wazz @WazzCrypto on X","type":"social_media","url":"https://x.com/wazzcrypto"}],"summary":"An unnamed group of actors allegedly operated a coordinated memecoin rug-pull scheme across 53 token launches on Robinhood Chain between July 10 and September 21, 2026, extracting at least $18.43 million from retail investors. The operation was identified and documented by on-chain analyst Wazz (@WazzCrypto), with partial independent verification published by The Block. No individuals have been publicly identified, charged, or arrested as of September 28, 2026.","timeline":[{"date":"2026-07-01","event":"Robinhood Chain mainnet launches publicly as an Arbitrum-based Ethereum Layer 2.","source":"Robinhood Newsroom","source_url":"https://robinhood.com/us/en/newsroom/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading/"},{"date":"2026-07-10","event":"Earliest token launch attributed to the alleged syndicate, according to Wazz's analysis.","source":"CryptoTimes (citing Wazz)","source_url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"},{"date":"2026-07-13","event":"Pons launchpad launches on Robinhood Chain, twelve days after mainnet.","source":"CryptoNews","source_url":"https://cryptonews.net/news/market/33233133/"},{"date":"2026-08-04","event":"Pons V2 goes live, introducing bonding curve mechanics and Uniswap V4 graduation — and expanding the tax-exemption feature to up to 32 wallets.","source":"CryptoNews","source_url":"https://cryptonews.net/news/market/33233133/"},{"date":"2026-08-28","event":"A commercial bundling contract is deployed; Wazz's analysis later links this contract to 25 of the 53 alleged rug-pull launches.","source":"CryptoTimes (citing Wazz)","source_url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"},{"date":"2026-09-21","event":"DEED token launched on Pons V2. Wazz's investigation begins after suspicious activity is observed around DEED. On-chain data later shows 50 ETH transferred through multiple addresses, distributing 15.98 ETH to 50 wallets, with the creator and exempted wallets holding 86% of DEED supply at launch at 7:51 p.m. ET.","source":"The Block; Crypto Briefing","source_url":"https://www.theblock.co/news/defi/2026-09-27-onchain-analyst-links-18-4-million-in-robinhood-chain-memecoin-extractions-to-single-rug-pull-operation-416960"},{"date":"2026-09-21","event":"Final launch in the 53-launch sequence identified by Wazz.","source":"CryptoTimes (citing Wazz)","source_url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"},{"date":"2026-09-27","event":"Wazz publishes investigation findings on X, alleging a single syndicate executed 53 coordinated rug pulls extracting at least $18.43 million. The Block independently corroborates the sniping mechanics for 10 of the 53 launches and verifies one specific fund flow between DRAFT and DEED.","source":"Crypto Briefing; The Block","source_url":"https://cryptobriefing.com/wazz-robinhood-chain-rug-pull-18m/"},{"date":"2026-09-28","event":"Multiple crypto outlets including CryptoTimes, CoinCentral, and FinanceFeeds publish coverage of Wazz's findings. No official response from Robinhood Markets or Pons is documented. No arrests or regulatory actions announced.","source":"CryptoTimes; CoinCentral; FinanceFeeds","source_url":"https://www.cryptotimes.io/2026/09/28/analyst-exposes-18-43m-robinhood-chain-memecoin-rug-pull-ring/"}]},"v":1}

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