Researcher Uncovers $18 Million Rug Pull Scheme in Robinhood Chain

On-chain analyst known as Wazz has uncovered a significant rug pull scheme within the Robinhood Chain network. An organized group conducted 53 token launches over two months, extracting at least $18.43 million.

Steven M. Crimmins

Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.