Relay Warns of Scam Tokens Disappearing From Wallets on Robinhood Chain

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Relay has warned users about malicious tokens on Robinhood Chain that disappear from wallets after they are purchased. The multichain payments and bridging platform said it was blocking identified scam tokens and verifying legitimate assets. Relay also clarified that the reports did not involve compromised wallets or exposed private keys. The warning follows the July 1 launch of Robinhood Chain’s public mainnet, placing early attention on token-level risks within the newly opened blockchain ecosystem.

Relay Blocks Malicious Tokens

Relay said the affected tokens were designed to remove themselves from buyers’ wallets after a transaction was completed. Users could lose the funds used for the purchase, although their private keys and unrelated wallet assets remained unaffected.

The company said it was responding by:

• Blocking tokens identified as malicious
• Verifying legitimate assets
• Directing affected users to Relay Support
• Advising users to trade verified tokens

Relay did not disclose how many users had been affected or the total amount lost. Its warning also did not indicate a breach of Robinhood Chain, Relay’s infrastructure or users’ wallets. Affected users were directed to Relay Support, which provides guidance on transaction problems, scams, security risks and loss prevention.

Warning Arrives as Robinhood Expands Its Crypto Infrastructure

Robinhood launched the public mainnet of Robinhood Chain on July 1, 2026. The company describes it as a permissionless Layer 2 blockchain built using Arbitrum technology. It is intended to support tokenized real-world assets, decentralized applications and onchain financial services.

Robinhood Chain is also covered by a new Arbitrum revenue-sharing model. Under the arrangement, 10% of eligible protocol fees generated by the network will flow back to the Arbitrum ecosystem, with 8% allocated to the Arbitrum DAO treasury and 2% directed toward developer funding.

Because the network is permissionless, independent developers can deploy token contracts without Robinhood approving each asset. The Relay warning concerns malicious tokens created on the network, not Robinhood’s officially supported products.

The chain launch forms part of Robinhood’s wider push into digital assets. The company also completed its acquisition of Canadian crypto platform WonderFi in June, bringing regulated exchanges Bitbuy and Coinsquare under its business. There is no evidence that Robinhood Chain’s underlying network, validators or consensus system were compromised.

Token Scanning Targets Early Network Risks

Blockaid added transaction and token-scanning support for Robinhood Chain when the mainnet launched. The security company said new blockchain launches can attract attackers who create impersonation tokens, fraudulent contracts and deceptive approval requests while users are still learning which assets and applications are legitimate.

Blockaid’s integration scans:

• Assets a transaction may move
• Permissions granted by the user
• Contracts involved in the transaction
• Impersonation and honeypot tokens
• Suspicious spenders and signature requests

The checks are designed to identify threats before a user signs a transaction. Relay’s warning highlights the distinction between a malicious asset and a network-level breach. The available information points to harmful token contracts deployed on Robinhood Chain rather than a compromise of the blockchain itself or users’ private keys.