Users report crypto disappearing after purchase on Robinhood Chain

Users who purchased cryptocurrency on the recently launched Robinhood Chain are reporting that their holdings have disappeared, CryptoSlate reported. There were no signs of wallet or private key theft, and other cryptocurrencies and account balances remained intact, with only specific assets vanishing. In response, cross-chain protocol Relay noted a surge in scam cryptocurrencies designed to disappear on their own after being purchased. The scale of the damages and specific transaction details have not been disclosed. Robinhood Chain is an Arbitrum (ARB)-based Layer 2 network that launched this month and has gained attention amid a rally in memecoins.