News linked to both this project and an event.
According to on-chain analyst Wazz (@WazzCrypto), an organized serial rug pull and fund-draining syndicate operates on the Robinhood blockchain. The group has been linked to 53 token launches in the past two months, with directly trackable extracted funds reaching $18.43 million, though the actual amount is likely higher. The syndicate's modus operandi is highly systematic: funds raised from each launch are routed to the deployment wallet of the next launch within seconds, forming a continuous funding pipeline. Each issuance is sniped via 70–200 bundled wallets to secure over 70% of the supply, primarily launched on the Pons V2 platform. Additionally, the group generates hype through "fake launches" before official drops to preemptively harvest market sentiment, only revealing the real contract address afterward to maximize extraction profits. Notably, $DEED, the trigger token for this investigation, did not even make it into the top ten highest-drained tokens.
Robinhood Chain launchpad Pons has officially responded to earlier reports about a token authorization vulnerability in its front end, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 feature mentioned in the tweet originated from the previous Debank Chain old version bridge and was released before the Pons launchpad, thus it does not affect launchpad users. It is currently confirmed that only 0.60 NOXA tokens, valued at approximately $0.66, are affected.As a security precaution, Pons recommends that users who previously used the old version bridge revoke token authorizations via revoke.cash. The team is currently working with audit firms to investigate potential risks and has stated that Pons' front-end services will be restored after confirming the absence of any actual vulnerabilities.