Odaily reported, citing on-chain analyst Wazz, that a group operating on Robinhood has been carrying out repeated rug-pull cash-outs. Over the past two months, the group was linked to at least 53 token launch projects and is estimated to have cashed out about $18.43 million in total. Wazz added that the real scale may be larger than the amount currently identified on-chain. The probe was sparked by the DEED token, but the cash-out tied to DEED did not rank among the group’s top 10 exits. The disclosure points to a broader pattern of token launch activity rather than a single isolated case.
Odaily reported, citing on-chain analyst Wazz, that a group on Robinhood has been engaged in repeated rug-pull cash-outs.
According to Wazz’s tracking, the group was linked to at least 53 token launch projects over the past two months and cashed out about $18.43 million in total. Wazz said the actual scale could be larger. The investigation was triggered by the DEED token, though the cash-out linked to DEED did not make the group’s top 10.
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