Analyst: The Robinhood Layer One Rug Pull gang issued tokens 53 times in two months, extracting a total of 18.43 million USD

According to on-chain analyst Wazz, there is an organized chain of Rug Pull and fund extraction gang on Robinhood, which has been associated with 53 token issuances in the past two months. The directly traceable extraction amount has reached 18.43 million USD, and the actual amount may be higher.

It is reported that the gang's methods are highly systematic: the funds raised from each issuance will flow into the launch wallet of the next issuance within seconds, forming a chain of funds; each issuance is bundled with 70-200 wallets to capture over 70% of the supply, mostly issued through the Pons V2 platform.

In addition, the gang also creates "fake issuances" to hype up before the official issuance, harvesting market sentiment in advance, and then publishes the real contract address to maximize extraction profits. The token under investigation, $DEED, even failed to make it into the top ten of the extraction amounts.