De-fi

Robinhood Chain tokens are reportedly vanishing from wallets causing buyers to lose funds – Crypto News

Published

3 weeks ago

July 14, 2026

Dripp

Cross-chain transaction protocol Relay has claimed that buyers on Robinhood Chain, Robinhood’s permissionless Ethereum Layer 2, lost money after tokens they purchased disappeared from their wallets.

Relay highlighted the issue and said the money was gone, without promoting the tokens or saying why they disappeared from wallets.

The incidents were reportedly not wallet or private-key compromises. Keys and balances beyond the identified tokens remained untouched, it said. Relay is blocking tokens as they appear, verifying assets it deems safe, and reminding users that anyone can list a token.

Relay linked the losses to specific, likely dubious, token purchases on the Robinhood Chain. However, it did not say the trades went through Robinhood Wallet or suggest that brokerage accounts and other Robinhood products were affected.

Relay announced,

We’re aware of reports of tokens disappearing from wallets after purchase on Robinhood Chain. There’s been an increase in scam tokens designed to remove themselves after purchase.

If you bought one, the funds you spent are unfortunately gone. We’re blocking these tokens as they show up and verifying safe ones.

Relay did not publish the affected contract addresses or transactions, leaving the reported losses independently unverified.

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Who blocks a token before the trade?

Open token creation allows developers to deploy contracts without Robinhood’s approval. Third-party tokens and liquidity can form around Robinhood’s brand without an app listing. Relay’s warning shifts the issue from which assets attract attention to what buyers see before they sign.