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

Is KraneShares STAR Market 50 ETF a Scam?

KSTRBBNB Chain
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 →
Last checked Oct 21, 2026 · 1 audit on recordNew Launch · 9h old
SummaryAI Copilot

The SecuritiesToken is a highly configurable, upgradeable ERC-20 token designed for regulated securities.

Read the full analysis
What raised the score
  • 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

Early-stage analysis. This token has limited on-chain history (9h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 213 of 7 checks passed
Contract verifiedVerified
OwnershipUnknown
MintMintable
Liquidity lockNot locked
UpgradeabilityUpgradeable
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 21, 2026585 holders
30.3%Contracts60.6%Wallets8.2%DEX pools
30.3%Contracts60.6%Wallets8.2%
ContractsWalletsDEX poolsEveryone elseBubble area = share of supply
99.2%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking30.3%
  • Walletsanonymous holders, free to sell60.6%
  • DEX poolsthe pools' own liquidity8.2%
  • Everyone else575 holders0.8%
Effective concentrationwhat the score reads72.8%
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$392.5K across 30 pairs
LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$159.4KShare of depth40.6%
Top-1 Unlocked Holder50.0%
Top-3 Unlocked95.9%
Unlocked LP held by
0x93af…631b0xacd6…2a340xae47…3d800x7380…8b980x4067…2c670xa598…2cd70x7ef2…854b0xae02…294e0xf155…2d6e0xf248…164e

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

Security Findings

1 High2 Medium1 Low5 Info
High

Centralized 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

Medium

Administrative 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

Medium

Liquidity 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

Low

Administrative 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

Info

Who 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

Info

Not 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

Info

The 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

Info

Asset 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

Info

Recently 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 21
Executive SummaryWhat the contract is and what the review found

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.

Technical6/10Medium risk

The 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.

Governance1/10High risk

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.

Upgrades1/10High risk

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.

Final RecommendationWhat to do about this score

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

1 audit on record
TypeBeaconProxy
NetworkBNB Chain
Token age9h
Contract0x5f16…d80c
Deployer0x64fd…8d53
Proxy Upgrade Controls
Proxy TypeBeacon
ImplementationVerified source
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Audit History
  1. 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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