On-chain analyst Wazz identified a syndicate responsible for at least 53 fraudulent token launches on Robinhood Chain, generating profits of $18.43 million since the blockchain went live in July 2026. The scheme relied on accumulating 70% or more of each token’s supply via the Pons V2 platform before orchestrating promotion campaigns and extracting funds from investors. The cycle was self-funding: profits from one rug pull were immediately reused to fuel the next launch. The largest single extraction drained $3.12 million in one operation. The actual total losses to investors are higher than this figure, as two additional unlinked operations were also identified.
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