Vlad.fun suspended operations after discovering what it described as a "serious internal integrity issue" involving members of its own team.
The Robinhood Chain memecoin launchpad said it had taken the platform offline while it investigates the incident and consults legal counsel on potential action against those responsible.
"Serious internal integrity issue," the project said in its announcement.
Hours before the suspension, Vlad.fun warned users that a token bearing the platform’s name on its leaderboard was not official, reminded traders that anyone can create tokens on the permissionless launchpad, and did not indicate whether the two incidents were related.
Robinhood launched Robinhood Chain on 1 July as an Arbitrum-based Ethereum layer 2 focused on tokenized stocks, real-world assets and onchain financial services, and within days memecoins became the network’s dominant use case, according to Galaxy Digital.
