Relay Protocol Warns: A Large Number of 'Honeypot' Token Scams Appear on Robinhood Chain

CoinFeed July 10 news, according to Bitcoin.com, security protocol Relay Protocol issued a warning that a large number of 'honeypot' scam tokens have appeared on the newly launched Robinhood Chain, with investors facing the risk of total loss of funds after purchase. Relay Protocol confirmed it has received multiple user reports that after purchasing certain tokens, the tokens immediately disappeared from their wallets and could not be sold or transferred. Such honeypot tokens set restrictions through smart contract code, allowing buying but not selling, causing investor funds to be permanently locked. The surge in scam tokens coincides with the explosive growth of recent user activity and token creation on Robinhood Chain.