Vlad.fun suspends operations over internal integrity issue

Vlad.fun, a memecoin launchpad on Robinhood Chain, has suspended operations due to a serious internal integrity issue involving team members. The platform is offline while it investigates and consults legal counsel. The nature of the alleged conduct and the individuals involved have not been disclosed. Vlad.fun stated it discovered the issue around the platform's launch and emphasized it would not gloss over the matter. It remains unclear if user funds or token contracts were affected. Hours before the suspension, Vlad.fun warned users about an unofficial token using its name that appeared on its leaderboard, reminding that its launchpad is permissionless. Robinhood launched its public blockchain mainnet on July 1 as an Ethereum Layer 2 using Arbitrum technology, designed for tokenized real-world assets and decentralized finance applications. However, memecoin trading has become a significant activity, with Robinhood Chain processing approximately 570 million dollars in launch-week trading volume against about 21.68 million dollars in liquidity. Vlad.fun is not the first launchpad on Robinhood Chain to face operational disruptions; NOXA also went offline due to a Cloudflare issue. Unlike NOXA, which attributed its outage to external factors, Vlad.fun cited internal matters and is consulting lawyers. There is no public evidence linking the two events. Vlad.fun has not provided a timeline for its investigation or when operations might resume, leaving users awaiting further details.

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