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Is Cypherpunk Technologies - Backpack Securities a Scam?

Early-stage security check — honeypot & rug-pull analysis

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Cypherpunk Technologies - Backpack Securities CYPH
CYPHuM…uawK
Solana
Not verifiedThis record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.Own this token? Put it under verification →
Last checked today 1 audit on record New Launch · 1d old
DexScreener ↗
How is this score calculated? → Critical Risk
Executive SummaryAI Copilot

This SPL Token-2022 mint presents critical risks due to active Mint, Freeze, and Permanent Delegate authorities, allowing for arbitrary minting, freezing, and fund transfers. Additionally, the token's balance mutability and mutable metadata introduce further control risks. Third-party registry data on holder distribution was unavailable.

3 Critical2 Medium1 Low
! Early-stage analysis. This token has limited on-chain history (1d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.
Volume 24h
$406.1K
Liquidity
$89.9K
Price
$3.4400
Token Age
1d
Top 10 Holders
0.0%

Security Findings

3 Crit2 Med1 Low
Critical

Mint Authority Not Revoked

C-01The mint authority is Cmzoo3…VXES. The holder of this key can mint unlimited new tokens, diluting all current holders to zero value. (Fact: Mint Authority: Cmzoo3…VXES)
IssueThe mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value. (Fact: Mint Authority: )
FixVerify on-chain that the mint authority is set to null before treating supply as fixed.
StatusUnresolved
Critical

Freeze Authority Not Revoked

C-02The freeze authority is 2cVYpa…af4a. The holder can freeze any holder's account, blocking transfers and effectively confiscating funds. (Fact: Freeze Authority: 2cVYpa…af4a)
IssueThe freeze authority is . The holder can freeze any holder's account, blocking transfers and effectively confiscating funds. (Fact: Freeze Authority: )
FixAvoid tokens whose freeze authority is not revoked unless the issuer is a regulated stablecoin operator.
StatusUnresolved
Critical

Permanent Delegate Configured

C-032cVYpa…af4a has permanent delegate authority and can transfer any holder's tokens without consent. (Fact: Permanent Delegate: 2cVYpa…af4a (can move user funds))
Issue has permanent delegate authority and can transfer any holder's tokens without consent. (Fact: Permanent Delegate: (can move user funds))
FixTreat this token as fully custodial.
StatusUnresolved
Medium

Very New Pair

M-01DEX pair was created 1 days ago. Insufficient track record to assess team or holder behaviour. (Fact: Pair Age (days): 1)
IssueDEX pair was created 1 days ago. Insufficient track record to assess team or holder behaviour. (Fact: Pair Age (days): 1)
FixExercise caution due to the lack of historical data and observe market behavior over a longer period.
StatusUnresolved
Medium

Balance Mutability Authority

M-02A balance-mutating authority can adjust user balances. (Fact: balance_mutable: True)
IssueA balance-mutating authority can adjust user balances. (Fact: balance_mutable: True)
FixUnderstand the implications of an authority being able to unilaterally modify user balances before holding this token.
StatusUnresolved
Low

Mutable Metadata

L-01Token name, symbol, or image can be changed post-launch. (Fact: metadata_mutable: True)
IssueToken name, symbol, or image can be changed post-launch. (Fact: metadata_mutable: True)
FixVerify metadata against off-chain expectations before trusting branding.
StatusUnresolved

Category Ratings

TechnicalHigh1/10

The token is an SPL Token-2022 mint with a total supply of 119,446,740.336 tokens (6 decimals). It features an active Mint Authority at , a Freeze Authority at , and a Permanent Delegate also at . No transfer hook is active, and new accounts are not created frozen. The `balance_mutable` flag is set to True, indicating an authority can adjust user balances.

GovernanceHigh1/10

The token has a liquidity of $165,561 USD and a 24-hour volume of $1,020,515 USD. The Volume/Liquidity Ratio is 6.16, indicating significant trading activity relative to available liquidity. The DEX pair is very new, having been created only 1 day ago, which provides insufficient track record for assessing market behavior. Holder concentration data was unavailable.

UpgradesHigh1/10

The Mint Authority, Freeze Authority, and Permanent Delegate are all active, allowing for significant control over the token's parameters and user funds. The token's metadata is mutable, meaning its name, symbol, or image can be changed post-launch. While no transfer hook is currently active, the `transfer_hook_upgradable` flag is True, meaning one could be added or modified.

Security Checklist

2/4 checks passed
Contract VerifiedPass
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Liquidity Depth

$209.9K across 11 pairs
Raydium CLMMUSDCanalysed$89.9K42.8%Raydium CLMMSOL$68.2K32.5%Raydium CLMMUSDC$21.0K10.0%Meteora DLMMZEC$19.7K9.4%Meteora DLMMSOL$5.8K2.8%Meteora DLMMUSDC$2.8K1.3%
Show 4 more pairsShow less
Raydium CLMMUSDT$7030.3%Raydium CPMMSOL$5840.3%Raydium CLMMSOL$5550.3%Meteora DLMMUSDC$5280.3%

One more pair holds $125 and is not listed.

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

8 factors
  • Freeze authority NOT revoked — any holder's account can be frozen
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity NOT locked (owner can withdraw — rug-pull risk)
  • Token age < 7 days (early, volatile)
  • 3 Critical finding(s) from audit
  • 2 Medium finding(s) from audit
  • 1 Low finding(s) from audit
  • Permanent Delegate set (any holder's tokens can be burned)

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

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