Is Bitcoin Bank (BTCBANK) Safe? Smart Contract Security Analysis

Security Findings

1 Info

Info

No code-level findings — an SPL mint exposes no auditable program source

I-01This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

IssueThis token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

FixRead the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.

StatusAcknowledged

Category Ratings

TechnicalMedium6/10

The Bitcoin Bank (BTCBANK) token is implemented using the spl-token-2022 program, indicating modern SPL token standards. Both the mint authority and freeze authority have been revoked, preventing further token issuance or freezing of holder accounts. Key extensions like Transfer Hook and Default Account State Frozen are not active, and the token is configured with immutable balance, closable, freezable, non-transferable, transfer fee upgradable, and transfer hook upgradable states, enhancing its fixed properties.

GovernanceHigh1/10

DEX liquidity for BTCBANK is $16,198, which is above the very low liquidity threshold. The 24-hour volume of $12,983 results in a normal Volume/Liquidity Ratio of 0.80, not indicating wash trading. The DEX pair has been active for 49 days, providing a reasonable track record. Holder concentration data was unavailable, preventing an assessment of supply distribution risk.

UpgradesMedium5/10

The token's mint and freeze authorities are permanently revoked, ensuring no future changes to supply or account freeze status. The token utilizes the spl-token-2022 program but does not have a Transfer Hook or Default Account State Frozen enabled. Furthermore, the metadata is immutable, meaning the token's name, symbol, or image cannot be altered post-launch. All upgradability flags for transfer fees and transfer hooks are set to false, indicating a fixed configuration.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$15.0K across 3 pairs

PumpswapSOLanalysed$15.0K Meteora DYN2ANSEM$5 Meteora DYN2PEPE$1

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

What Raised This Score

7 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 50% (69.6% total → 69.6% effective; 69.6% in EOAs, 0.0% in contracts — heavy)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($14,979 across 3 pairs — thin market)
Token age < 30 days (still settling)

Each factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed

Frequently Asked Questions

Is Bitcoin Bank a scam?

Based on the available data, Bitcoin Bank (BTCBANK) exhibits several high-risk characteristics commonly associated with potential scams. The contract is unverified, ownership is not renounced, and liquidity is unlocked. These elements allow developers complete control over the token's future, including the ability to remove liquidity and potentially render tokens worthless, making it highly susceptible to a "rug pull."

Is Bitcoin Bank safe to buy?

Given its high-risk score of 70/100, Bitcoin Bank (BTCBANK) is not considered safe for investment. Key risk factors include an unverified contract, unrenounced ownership, and unlocked liquidity. These conditions expose investors to significant vulnerabilities such as potential contract manipulation, token supply inflation, and the complete withdrawal of liquidity, leading to substantial financial loss.

Has Bitcoin Bank been audited?

There is no indication that Bitcoin Bank (BTCBANK) has undergone a formal security audit. Crucially, its contract remains unverified, meaning the underlying code is not publicly available for review by auditors or the community. Without contract verification, a comprehensive security audit is impossible, leaving potential vulnerabilities undetected and unaddressed.

Is Bitcoin Bank Safe?