New Chain Hype Meets Old Scam Tactics: Relay Protocol Warns of Robinhood Chain Honeypot Coins
The post New Chain Hype Meets Old Scam Tactics: Relay Protocol Warns of Robinhood Chain Honeypot Coins appeared on BitcoinEthereumNews.com. Key Takeaways Relay Protocol says it is actively blocking scam tokens after reports of wallet drains on the new Robinhood Chain. The Robinhood Chain, live since July 1, 2026, is reportedly seeing high scam meme coin activity due to its permissionless nature. Traders should only trade verified tokens and perform small test swaps to protect assets from 100% loss. Relay Protocol Warns: There’s Been an Increase in Scam Tokens Designed to Remove Themselves After Purchase The Relay Protocol platform moved quickly on X to clarify that these incidents do not represent a widespread wallet compromise or an infrastructure breach within Relay. Your private keys and other balances remain secure, as the sophisticated scam logic is contained strictly within the malicious token contract itself. Robinhood Chain, an Arbitrum-based Ethereum layer two ( L2) network, l