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Is Mr. Madoff a Scam?

PONZISolana
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 Sep 22, 2026 · 2 audits on recordNew Launch · 1d old
SummaryAI Copilot

This SPL Token Mint exhibits critical risks primarily due to extreme holder concentration, with the top 10 accounts holding 88.73% of the supply.

Read the full analysis
What raised the score
  • Top-10 concentration > 70%
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $10k
  • Token age < 7 days
  • 1 Critical finding(s) from audit
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit
Exact factors
  • Top-10 concentration > 70% (96.2% total → 96.2% effective; 96.2% in EOAs, 0.0% in contracts — extreme)
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $10k ($5,404 across 1 pairs — easily drained)
  • Token age < 7 days (early, volatile)
  • 1 Critical finding(s) from audit
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit

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 (1d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Sep 223 of 4 checks passed
Contract verifiedVerified
MintNo mint
Liquidity lockUnknown
UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026
96.2%Top 10 holders3.8%
96.2%Top 10 holders3.8%
Top 10 holdersEveryone elseBubble area = share of supply
96.2%of supply sits with the top 10 holders
  • Top 10 holdersthe ten largest balances96.2%
  • Everyone elsethe rest of the supply3.8%

Holder balances as recorded by the audit of Sep 22, 2026

Liquidity

as of audit · Sep 22$5.4K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$5.4KShare of depth100.0%

Security Findings

1 Critical1 Medium1 Low
Critical

Holder Concentration > 70%

Top 10 token accounts hold 88.73% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.C-01

Issue

Top 10 token accounts hold 88.73% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.

Fix

Account for the extreme risk of price volatility due to concentrated holdings. Verify on-chain that holder distribution has significantly improved before investing.

Status

Unresolved

Medium

Very New Pair

DEX pair was created 1 days ago. Insufficient track record to assess team or holder behaviour.M-01

Issue

DEX pair was created 1 days ago. Insufficient track record to assess team or holder behaviour.

Fix

Monitor the token's performance and community activity over a longer period to establish a track record before making investment decisions.

Status

Unresolved

Low

Mutable Metadata

Token name, symbol, or image can be changed post-launch, as indicated by metadata_mutable: True and a third-party risk registry signal.L-01

Issue

Token name, symbol, or image can be changed post-launch, as indicated by metadata_mutable: True and a third-party risk registry signal.

Fix

Verify metadata against off-chain expectations before trusting branding. Be aware that the token's identity can be altered.

Status

Unresolved

Analysis

AI Copilotas of audit · Sep 22
Executive SummaryWhat the contract is and what the review found

This SPL Token Mint exhibits critical risks primarily due to extreme holder concentration, with the top 10 accounts holding 88.73% of the supply. The token pair is very new, having been created only 1 day ago, and its metadata is mutable, allowing for changes to its name, symbol, or image. Third-party registry data on holder distribution was unavailable, but a specific top 10 holder percentage was provided.

Technical6/10Medium risk

The token is implemented using the spl-token-2022 program, indicating modern SPL features. Both the mint authority and freeze authority have been revoked, preventing further token minting or account freezing by an external key. A 3.00% transfer fee is active, applying to all transfers. No transfer hook is configured, and new accounts are not created in a frozen state. The balance_mutable and freezable flags are false, indicating no authority can alter balances or freeze accounts.

Governance1/10High risk

The token exhibits extreme holder concentration, with the top 10 accounts controlling 88.73% of the total supply, posing a significant risk of price manipulation or large-scale sell-offs. The DEX pair is very new, established only 1 day ago, offering insufficient track record for assessing market stability. Current liquidity is $16,610, with a 24-hour volume of $84,791, resulting in a Volume/Liquidity Ratio of 5.10x, which is high.

Upgrades6/10Medium risk

The mint and freeze authorities are permanently revoked, ensuring no new tokens can be minted and no accounts can be frozen. The token utilizes the Token-2022 program with a 3.00% transfer fee, which is not upgradable. There is no transfer hook, and new accounts are not created frozen. However, the token's metadata, including its name, symbol, or image, is mutable, as indicated by the metadata_mutable: True flag.

Final RecommendationWhat to do about this score

Prospective holders should exercise extreme caution due to the critical holder concentration, which makes the token highly susceptible to price volatility from whale movements.

Verify on-chain that the top holder distribution has significantly diversified before considering any substantial investment. Monitor the token's market activity closely for signs of manipulation given its very new pair age and high volume-to-liquidity ratio. Be aware that the token's branding can change at any time due to mutable metadata; confirm current metadata against official sources before trusting its identity.

Contract & Record

2 audits on record
TypeSPL Token-2022
NetworkSolana
Token age1d
ContractCY934B…QPGx
Token-2022 Extensions
Transfer Fee3.0% (immutable)
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Audit History
  1. Sep 22, 202670High
  2. Aug 15, 2026100Critical

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the PONZI contract address?

The Mr. Madoff (PONZI) contract on Solana is CY934BKJyf4zg2q5oTZ7Cgym8hkdm7yqqagzZPKYQPGx. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Mr. Madoff a scam?

Quantum Audit's risk score for Mr. Madoff is 70/100 (High risk) as of Sep 22, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: No mint; Upgradeability: Fixed code. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Who holds PONZI?

As of Sep 22, 2026, the 10 largest holders own 96.2% of the supply. The Holders section on this page shows who they are by holder type.

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