The SecuritiesToken is a highly configurable, upgradeable ERC-20 token designed for regulated securities. It utilizes a beacon proxy pattern and extensive role-based access control to manage compliance, pause states, and token parameters. While the architecture is modular, the high degree of administrative control over core token logic introduces significant centralization risks.
Early-stage security check — honeypot & rug-pull analysis
Is KraneShares STAR Market 50 ETF a Scam?
Not verified
This 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 →The SecuritiesToken is a highly configurable, upgradeable ERC-20 token designed for regulated securities.
Read the full analysis- A privileged address can replace a contract every transfer depends on
- Owner can change the buy/sell tax
- A privileged address can change transfer or wallet limits
- Mintable supply — no cap found, dilution unbounded
- Upgradeable proxy — the admin can replace the logic
- Ownership status UNKNOWN
- Liquidity not locked
- Top-10 concentration > 70%
- The deployer has launched a honeypot before
Exact factors
- A privileged address can replace a contract every transfer depends on
- Owner can change the buy/sell tax
- A privileged address can change transfer or wallet limits
- Mintable supply — no cap found, dilution unbounded
- Upgradeable proxy — the admin can replace the logic
- Ownership status UNKNOWN (owner could not be resolved)
- Liquidity NOT locked (100% of the pool; this pool is 41% of DEX liquidity) — held by independent providers — market-depth risk
- Top-10 concentration > 70% (99.2% total → 72.8% effective; 60.6% in EOAs, 30.3% in contracts; 8.2% burned, locked or in pools excluded)
- The deployer has launched a honeypot before
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
Security Checklist
as of audit · Oct 21Holders
as of audit · Oct 21, 2026- Contractstreasury, vesting, bridge, staking30.3%
- Walletsanonymous holders, free to sell60.6%
- DEX poolsthe pools' own liquidity8.2%
- Everyone else575 holders0.8%
How holder types affect the score
Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.
Holder balances as recorded by the audit of Oct 21, 2026
Liquidity
as of audit · Oct 21- Pancakeswap v3USDTAnalysed$159.4K40.6%
- Pancakeswap v2SCI6900$22.3K5.7%
- FlapshSTAR50$9.5K2.4%
- FlapshCSI$9.0K2.3%
- Flapsh小鑫$8.5K2.2%
- Flapsh沪币$8.4K2.1%
The 20 remaining pairs hold $142.4K between them and are not listed. The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0x93af…631b0xacd6…2a340xae47…3d800x7380…8b980x4067…2c670xa598…2cd70x7ef2…854b0xae02…294e0xf155…2d6e0xf248…164eNo privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
Security Findings
HighCentralized Control Over Core Token Logic
The functions setPauseManager and setCompliance allow administrators to replace the external contracts that govern token transfers. Because transfers depend on these external contracts, an administrator can effectively halt or redirect the flow of tokens at will.CP-03
Issue
The functions setPauseManager and setCompliance allow administrators to replace the external contracts that govern token transfers. Because transfers depend on these external contracts, an administrator can effectively halt or redirect the flow of tokens at will.
Fix
Restrict these functions to a multi-signature wallet or a time-locked governance contract to prevent unilateral changes.
Status
Unresolved
MediumAdministrative Control Over Transfer Fees
The setUIMultiplier function allows privileged roles to change the fee structure applied to token transfers. This gives administrators the ability to modify the economic cost of using the token without prior notice to users.CP-07
Issue
The setUIMultiplier function allows privileged roles to change the fee structure applied to token transfers. This gives administrators the ability to modify the economic cost of using the token without prior notice to users.
Fix
Implement a delay or a public notification period before fee changes take effect to protect users from sudden economic shifts.
Status
Unresolved
MediumLiquidity not locked
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 9 address(es) other than the owner/deployer. No single one holds a majority: their exits thin the market rather than hand anyone the pool. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 41% of the token's DEX liquidity; the other pools were not assessed.QA-LIQUIDITY
Issue
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 9 address(es) other than the owner/deployer. No single one holds a majority: their exits thin the market rather than hand anyone the pool. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 41% of the token's DEX liquidity; the other pools were not assessed.
Fix
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Status
Acknowledged
LowAdministrative Control Over Transfer Limits
The setUIMultiplier function also controls numeric limits that affect transaction or wallet sizes. Administrators can adjust these thresholds, potentially restricting or enabling specific user behaviors.CP-08
Issue
The setUIMultiplier function also controls numeric limits that affect transaction or wallet sizes. Administrators can adjust these thresholds, potentially restricting or enabling specific user behaviors.
Fix
Document the intended range for these limits and ensure that any changes are communicated transparently to the community.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 99.2% of supply. Of that, 8.2% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 60.6% in wallets, 30.3% in other contracts. 585 holders in total.QA-HOLDERS
Issue
The ten largest holders own 99.2% of supply. Of that, 8.2% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 60.6% in wallets, 30.3% in other contracts. 585 holders in total.
Fix
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Status
Acknowledged
InfoNot listed by any independent source
585 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.QA-IDENTITY
Issue
585 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Fix
Match the contract address against the project's official channels before trading.
Status
Acknowledged
InfoThe market for this token
Liquidity $392K (DexScreener, all pools). 24h trading volume $1.7M (DexScreener, all pools).QA-MARKET
Issue
Liquidity $392K (DexScreener, all pools). 24h trading volume $1.7M (DexScreener, all pools).
Fix
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Status
Acknowledged
InfoAsset class: Project token
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $392K of DEX liquidity across 30 pools. Launch: under a day of market history.QA-PROFILE
Issue
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $392K of DEX liquidity across 30 pools. Launch: under a day of market history.
Fix
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Status
Acknowledged
InfoRecently launched — less than a day of market history
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.QA-RECENT
Issue
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
Fix
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Status
Acknowledged
Analysis
AI Copilotas of audit · Oct 21The contract follows standard OpenZeppelin upgradeable patterns (7.1 Architecture). Code security is robust, utilizing well-audited libraries for access control and ERC-20 compliance (7.2 Code Security). The reliance on external compliance and pause manager contracts allows for flexible regulatory updates (7.6 External). However, the logic is heavily dependent on these external addresses, which are mutable by privileged roles.
Governance is strictly centralized under role-based access control (7.3 Access Control, 7.5 Governance). Administrators have the power to alter token economics, including fees and multipliers (7.4 Economic). This design is intentional for securities compliance but represents a single point of failure for token holders.
The protocol uses a Beacon Proxy pattern, allowing for efficient implementation updates (7.7 Upgrades). Operations are managed through standard administrative roles (7.8 Operations). While this facilitates maintenance, it requires high trust in the administrative keys to prevent malicious logic injection.
Implement a multi-signature wallet or a time-locked governance contract to manage the administrative roles.
This will mitigate the risk of a single compromised key unilaterally altering compliance logic or token parameters. Ensure that the external contracts linked via setCompliance and setPauseManager are also subject to rigorous security audits and are managed through similar multi-signature or decentralized governance processes.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Oct 21, 202684High
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the KSTRB contract address?
The KraneShares STAR Market 50 ETF (KSTRB) contract on BNB Chain is 0x5f1668b592cdf695b0c8e643a5a0078bb94cd80c. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is KraneShares STAR Market 50 ETF a scam?
Quantum Audit's risk score for KraneShares STAR Market 50 ETF is 84/100 (High risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Upgradeable; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Is KSTRB liquidity locked?
Liquidity lock: Not locked (as of Oct 21, 2026). Total DEX liquidity: $392.5K.
Who holds KSTRB?
As of Oct 21, 2026, the 10 largest holders own 99.2% of the supply across 585 holders. The Holders section on this page shows who they are by holder type.
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