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Crypto

$18M Robinhood Heist Exposes Flaw in Platform's Anti-Bot Protections

Guavy AI Editorial Team
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ETH
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A massive $18.43 million serial rug-pull operation has hit the Robinhood chain, with 53 tokens facing scrutiny.

The 'anti-bot' protections on the platform are being used to facilitate this massive heist, allowing creators to exempt their own wallets from heavy taxes and snipe over 80% of their own token supply.

Retail investors have zero chance of winning in such a situation, as the stolen funds are now in unfreezable ETH, making it impossible to retrieve the money.

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