Relay Protocol Blocks Honeypot Scam Tokens on Robinhood Chain Since July 1 Launch

According to Relay Protocol, honeypot scam tokens have proliferated on Robinhood Chain since its launch on July 1, 2026, with the platform actively blocking malicious contracts. The Arbitrum-based layer two network's permissionless nature has enabled bad actors to deploy fraudulent tokens at scale alongside legitimate projects, creating an environment for scammers to exploit inexperienced traders.

Relay Protocol clarified that incidents involve sophisticated scam logic contained within malicious token contracts—not a wallet compromise or infrastructure breach. Honeypots typically prevent victims from selling tokens while transferring funds to attackers' wallets. The platform advises traders to verify tokens through trusted sources, perform small test swaps before committing capital, and watch for red flags such as heavy buying pressure with zero selling activity.