Robinhood Chain Users Report Tokens Vanishing After Purchase, CryptoSlate Says

Cryptocurrencies purchased on the newly launched Robinhood Chain have repeatedly disappeared after being bought, CryptoSlate reported on July 13.

The report said there were no signs that wallets or private keys had been compromised in the cases. Only certain tokens vanished, while other assets and balances remained untouched.

Relay, a cross-chain protocol, said scam tokens designed to disappear on their own after purchase are increasing and urged investors to exercise caution.

The size of the losses and specific transaction details were not disclosed.

Robinhood Chain is an Arbitrum-based layer-2 network. Since its launch this month, it has drawn attention amid active memecoin trading.