Tokens Vanish After Purchase on Robinhood Chain

Relay reported that some tokens purchased on Robinhood Chain disappeared from buyers’ wallets and that the money spent to buy those tokens could not be retrieved. The company said private keys and balances not tied to the affected tokens remained intact and that it is blocking suspect tokens on its interface.

Relay, which operates a bridge and swap interface that supports Robinhood Chain, said users saw token balances drop after purchase and that the transactions could not be reversed. The firm described the incidents as likely linked to dubious token purchases rather than wallet or private-key compromises.

Relay posted: “We’re aware of reports of tokens disappearing from wallets after purchase on Robinhood Chain. There’s been an increase in scam tokens designed to remove themselves after purchase. If you bought one, the funds you spent are unfortunately gone. We’re blocking these tokens as they show up and verifying safe ones.”

The company has not published contract addresses, transaction hashes, the number of buyers affected, or the total value lost, leaving independent verification of the incidents and the scope of losses unavailable.

Robinhood launched Robinhood Chain, a permissionless public mainnet, on July 1. On-chain activity rose in the days that followed: decentralized exchange volume reached about $400 million on July 7, and a third-party service added trading for Robinhood Chain tokens on July 8. Open token creation on the chain allows developers to deploy contracts without approval from Robinhood, and third parties can provide liquidity and list tokens that reference the Robinhood name without an app listing.

It is not clear which interface affected buyers used. Robinhood Wallet’s support page says in-app swaps route through 0x API and LI.FI. The default 0x approach makes tokens available unless blocked for compliance reasons, and custom ERC-20 tokens typically become tradable once liquidity exists on a market the API sources. Relay did not indicate that Robinhood brokerage accounts or other Robinhood products were affected.

Relay said it screens transactions against sanctions and risk databases and maintains an internal blocklist. The company has not clarified whether users saw any warning about a token before signing a transaction or only after purchases were completed. Key technical details, including how tokens “removed themselves” after purchase, have not been released, so the precise mechanism behind the disappearing balances remains unexplained.

Relay continues to block tokens as they appear on its interface and is verifying assets it deems safe. Whether the same tokens remain available through other swap providers or decentralized exchanges on Robinhood Chain is unknown.