POPA ReconRug Ring Extracts $18.4M From 53 Robinhood Chain Tokens
Rug Ring Extracts $18.4M From 53 Robinhood Chain Tokens Onchain researcher Wazz linked 53 Robinhood Chain rugs to one operation that extracted about 7,447 ETH ($18.43M) from July to September. Proceeds from one launch paid the key that funded the next, often seconds before that key signed the next funding batch. In one case, 98 wallets from DRAFT swept 179.88 ETH into a hub, which sent 20 ETH through a hop to DEED's funding key, and 16 seconds later that key funded DEED. 45 launches are linked this way, the rest by shared signing keys or collector wallets. Nearly every token was sniped for 7…
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