Onchain researcher Wazz linked 53 Robinhood Chain rugs to one operation that extracted about 7,447 ETH ($18.43M) from July to September.

Proceeds from one launch paid the key that funded the next, often seconds before that key signed the next funding batch. In one case, 98 wallets from DRAFT swept 179.88 ETH into a hub, which sent 20 ETH through a hop to DEED's funding key, and 16 seconds later that key funded DEED. 45 launches are linked this way, the rest by shared signing keys or collector wallets. Nearly every token was sniped for 70%+ of supply and bundled across 70-200 wallets, mostly via Pons V2.

The biggest hits were CRUMBS ($3.12M), LEGS ($2.9M) and PINK ($1.44M). The ring also ran fake launches of PINK, CRUMBS and DEED before revealing the real contracts.

About $18.11M still sits unspent in 44 wallets, mostly in ETH, so it can't be frozen. Wazz says the real total is likely higher.

Wazz also found two other serial deployer groups but could not link them to this ring.

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