Relay Protocol is warning users about a wave of scam tokens on Robinhood Chain that vanish from wallets moments after they're bought — advanced honeypots built to trap buyers.

Crucially, Relay says this is NOT a wallet or private-key breach: only the money spent on the malicious token is lost, and your other holdings stay safe. Robinhood Chain — live since July 1 and permissionless — is seeing heavy memecoin activity, and Relay says it's now blocking bad contracts while verifying legit ones. Stick to tokens verified by trusted sources.