The Ethereum wallet, which distributes Robinhood’s controversial Openai “stock tokens,” is linked to traders who once cast Meme nft and lost $15,000 in high lipids.
The discovery came from Coinbase Executive Connor Grogan. Connor Grogan posted his findings on X.
Confusing Robin Hood and the Opn Token drama
In X, analysts tracked the wallet’s past activities and found out that in 2021 he cast a desperate monkey wife NFT for $500. We also suffered significant trading losses from the high lipids of our decentralized derivatives platform.
Meanwhile, Nansen CEO Alex Svanevik shared more wallet data. It was shown the same wallet that funded a FriendTech account belonging to Seonge Lee, known online as @Seongboii, Robinhood’s product manager.
Wallet also interacts with Opensies like Trump and Sibac, Stargate Bridge and Memecoin contracts, and portrays the profiles of high-risk retail-level crypto users.
Robinhood and Openai description
Earlier this week, Robinhood launched a “Stock Token” for EU customers. These encrypted assets reflect real-world stocks like Tesla and Apple, trade 24/7.
In the announcement, Robinhood said it will expand the recruitment to include private companies such as Openai and SpaceX later this summer.
As part of the promotional push, we have provided Openai and SpaceX tokens worth 5 euros for new signups by July 7th.
But today, Openai posted a dull denial to X. The company has warned users to be warned that the stock transfer has not been approved.
Robin Hood replied a few hours later:
“These tokens give retail investors an indirect exposure to private markets. This was made possible by Robinhood’s ownership interest in specially-purpose vehicles,” Robinhood posted on X (formerly Twitter).
Despite the controversy, Robinhood shares surged to a record high of 97.98 on July 2nd.
Market enthusiasm contrasts with growing concern among legal analysts and Web3 observers about the implications of such unapproved token launches.