Blockchain

Robinhood Chain memecoin launchpad Vlad.fun halts after ‘internal integrity’ issue

Robinhood Chain memecoin launchpad Vlad.enjoyable has suspended operations after discovering what it described as a “severe inner integrity problem” involving members of its personal staff.

The mission stated Wednesday that it took the platform offline whereas it investigates the incident and consults authorized counsel on potential motion in opposition to these accountable. Vlad.enjoyable didn’t disclose the character of the alleged misconduct.

Hours earlier than saying the shutdown, Vlad.enjoyable warned customers {that a} token bearing the platform’s identify circulating on its leaderboard was not official, reminding merchants that anybody may create tokens on the permissionless launchpad. The mission didn’t point out whether or not the 2 incidents had been associated.

Robinhood launched Robinhood Chain on July 1 as an Arbitrum-based Ethereum layer 2 centered on tokenized shares, real-world belongings and onchain monetary companies. Inside days, memecoins turned the community’s dominant use case, in keeping with Galaxy Digital.

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