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The controversial return of Pudgy Penguins founder ColeThereum

ColeThereum, the ousted Pudgy Penguins founder with a problematic past, has returned to pitch a Robinhood Chain NFT collection.

Robinhood Chain’s memecoin boom is already imploding

Two weeks after Robinhood Chain pitched its layer 2 as RWA infrastructure, it’s overrun with dying memecoins.

Complaints are pouring into social media as traders lose assets to a variety of rudimentary scams on Robinhood Chain.

Critics allege that a collection of pseudonymous wallets committed insider-like trading of Robinhood stock derivatives via Hyperliquid.

Hackers abused a Robinhood notification system and Gmail’s dot trick to send real-looking phishing emails from “[email protected].”