Bitcoin24h $66,392.93+2.97%

Ethereum24h $1,935.64+3.64%

BNB24h $576.41+1.49%

XRP24h $1.14+4.01%

Solana24h $78.32+2.22%

TRON24h $0.3287+0.92%

Hyperliquid24h $62.64+2.75%

Dogecoin24h $0.0733+1.23%

Zcash24h $544.75+1.99%

UNUS SED LEO24h $9.71+0.36%

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.

Robinhood Chain scams are already costing users dearly

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].”

OpenAI has taken to X to remind the crypto community that Robinhood’s much-hyped “stock tokens” don’t represent equity in the business.