# $18.4M Allegedly Extracted in Robinhood Chain Token Launch Scheme Onchain analyst reveals coordinated extraction operation across 53 token launches. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-09-28 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/77c062a3-db3d-4c38-9255-9eee1034f578 ## Coordinated extraction operation Pseudonymous analyst Wazz uncovered an organized scheme allegedly extracting $18.43 million across 53 token launches on Robinhood Chain. The operation used interconnected wallets moving funds between launches, with 45 of 53 launches linked through a clear funding pattern. Transactions sometimes occurred seconds apart, indicating highly coordinated timing. The analysis only includes onchain-verifiable activity, suggesting actual losses could be higher. ## Wallet bundling technique The scheme typically bundled 70-200 wallets per launch, with most created through Pons V2. Nearly every launch saw over 70% of token supply sniped. One example showed 98 DRAFT-associated wallets moving 179.88 ETH to a hub, which then funded DEED's launch just 16 seconds later. This rapid recycling of funds between launches created a self-sustaining extraction mechanism while obscuring individual transactions. ## Multiple connection methods Beyond the primary funding pattern, Wazz identified four launches connected through identical private keys signing funding batches. Another four shared a collector wallet receiving proceeds from multiple launches. The operation also created fake launches (three PINK, three CRUMBS, three DEED) likely to build hype before real contract addresses were announced, potentially extracting additional funds through deception. ## Significant individual takings CRUMBS launches allegedly generated $3.12 million in extracted funds, while PINK produced $1.44 million. At least two other serial deployment operations were flagged but couldn't be directly linked to this network, suggesting broader ecosystem vulnerabilities. Most extracted funds remain in ETH, making recovery difficult since these assets can't be simply frozen by authorities. ## Robinhood Chain context The Ethereum Layer 2 network, launched in July, has seen explosive growth with meme coins and tokenized stocks driving activity. Robinhood reported $50 million total revenue from the chain, with monthly figures jumping from $3 million in July to $40 million in September. This rapid expansion may have created opportunities for exploitation amid scaling challenges. ## Operational sophistication The scheme demonstrated advanced understanding of blockchain mechanics, using multiple techniques to obscure connections while efficiently recycling capital. The use of fake launches to generate hype before real deployments shows psychological manipulation tactics. The operation's scale (53 launches) and duration (two months) indicate substantial planning and coordination among participants. ## Ecosystem vulnerabilities The incident highlights systemic risks in permissionless launch environments, particularly around wallet clustering and rapid fund movement detection. The inability to link all suspicious operations suggests more sophisticated actors may be exploiting similar vulnerabilities. The case raises questions about monitoring capabilities for Layer 2 networks experiencing hypergrowth. ## Regulatory implications With most funds remaining in non-freezable ETH, the case presents challenges for traditional financial oversight mechanisms. The pseudonymous nature of blockchain analysis contrasts with conventional financial investigations. As Layer 2 networks attract more institutional interest, such incidents may accelerate calls for improved onchain surveillance tools and cross-chain monitoring standards. ## Sources covering this story - https://cryptopotato.com/18-4m-allegedly-extracted-across-53-robinhood-chain-token-launches/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._