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On-chain security analysis — is it a scam or legit?

Is Octra Safe?

OCTEthereum
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 4, 2026 · 1 audit on record
Chart
Medium RiskHow is this score calculated?
How the score breaks downratings: 10 is safest
Technical8/10Governance2/10Upgrades6/10Checks passed3 of 5Findings1 Medium · 1 Low · 1 Info3
SummaryAI Copilot

The WrappedOCT contract is an ERC20 token with bridging and pausing capabilities, built upon battle-tested OpenZeppelin libraries.

Read the full analysis
What raised the score
  • Ownership status UNKNOWN
  • Top-10 concentration > 30%
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • LP top1 unlocked holder = 100.0%
  • LP top3 unlocked holders = 100.0%
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit
Exact factors
  • Ownership status UNKNOWN (owner could not be resolved)
  • Top-10 concentration > 30% (47.0% total → 37.8% effective; 31.7% in EOAs, 15.4% in contracts — moderate)
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • LP top1 unlocked holder = 100.0% (independent LP — depth risk)
  • LP top3 unlocked holders = 100.0% (independent LP — depth risk)
  • 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

Security Checklist

as of audit · Sep 43 of 5 checks passed
Contract verifiedVerified
OwnershipUnknown
MintNo mint
Liquidity lockNot locked
UpgradeabilityFixed code

Holders

as of audit · Sep 4, 2026
15.4%Contracts31.7%Wallets53.0%Everyone else
15.4%Contracts31.7%Wallets53.0%Everyone else
ContractsWalletsEveryone elseBubble area = share of supply
47.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking15.4%
  • Walletsanonymous holders, free to sell31.7%
  • Everyone elsethe rest of the supply53.0%
Effective concentrationwhat the score reads37.8%
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 Sep 4, 2026

Liquidity

as of audit · Sep 4$777.1K

The risk score reads depth across every pair.

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$777.1KShare of depth100.0%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%
Unlocked LP held by
0xffab…fb3f0x0e85…e008

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

Security Findings

1 Medium1 Low1 Info
Medium

Centralized Control Over Token Supply and Operations

The WrappedOCT contract grants significant power to specific roles, particularly the DEFAULT_ADMIN_ROLE, BRIDGE_ROLE, and PAUSER_ROLE. The DEFAULT_ADMIN_ROLE (initially the deployer) has the ability to grant and revoke any role, effectively controlling all administrative functions. The BRIDGE_ROLE can mint new tokens up to the MAX_SUPPLY and burn existing tokens, directly impacting the token's supply. The PAUSER_ROLE can unilaterally pause all token transfers. This high degree of centralization means that a compromise of any of these key addresses could lead to unauthorized minting, burning, or a complete halt of token operations, posing a significant risk to the protocol's…M-01

Issue

The WrappedOCT contract grants significant power to specific roles, particularly the DEFAULT_ADMIN_ROLE, BRIDGE_ROLE, and PAUSER_ROLE. The DEFAULT_ADMIN_ROLE (initially the deployer) has the ability to grant and revoke any role, effectively controlling all administrative functions. The BRIDGE_ROLE can mint new tokens up to the MAX_SUPPLY and burn existing tokens, directly impacting the token's supply. The PAUSER_ROLE can unilaterally pause all token transfers. This high degree of centralization means that a compromise of any of these key addresses could lead to unauthorized minting, burning, or a complete halt of token operations, posing a significant risk to the protocol's…

Fix

Implement multi-signature wallets (e.g., Gnosis Safe) for the DEFAULT_ADMIN_ROLE, BRIDGE_ROLE, and PAUSER_ROLE. This requires multiple independent approvals for critical actions, distributing control and significantly reducing the risk associated with a single point of failure. Consider adding time-locks for highly sensitive operations to allow for community review or emergency intervention.

Status

Unresolved

Low

Non-Standard ERC20 Decimals

The WrappedOCT contract overrides the default ERC20 decimals() function to return 6, instead of the commonly used 18. While this is an explicit design choice and not a vulnerability in itself, it deviates from the widely adopted ERC20 standard. This non-standard decimal precision can lead to compatibility issues, incorrect display of token balances, or miscalculations when integrating with exchanges, wallets, or DeFi protocols that implicitly assume 18 decimals without proper handling.L-01

Issue

The WrappedOCT contract overrides the default ERC20 decimals() function to return 6, instead of the commonly used 18. While this is an explicit design choice and not a vulnerability in itself, it deviates from the widely adopted ERC20 standard. This non-standard decimal precision can lead to compatibility issues, incorrect display of token balances, or miscalculations when integrating with exchanges, wallets, or DeFi protocols that implicitly assume 18 decimals without proper handling.

Fix

Ensure all off-chain systems, front-end applications, and integrated smart contracts are explicitly aware of and correctly handle the 6-decimal precision of the WrappedOCT token. Thoroughly test all integrations to confirm that token values are displayed and processed accurately to prevent user confusion or financial discrepancies.

Status

Unresolved

Info

Immutable MAX_SUPPLY Constant

The MAX_SUPPLY for the WrappedOCT token is defined as a public constant with a value of 1_000_000_000 * 1e6. This means the maximum total supply of the token is hardcoded into the contract and cannot be altered after deployment. While providing predictability and transparency regarding the token's supply cap, this design choice removes any flexibility to adjust the maximum supply in the future, even if unforeseen circumstances or protocol evolution might warrant such a change.I-01

Issue

The MAX_SUPPLY for the WrappedOCT token is defined as a public constant with a value of 1_000_000_000 * 1e6. This means the maximum total supply of the token is hardcoded into the contract and cannot be altered after deployment. While providing predictability and transparency regarding the token's supply cap, this design choice removes any flexibility to adjust the maximum supply in the future, even if unforeseen circumstances or protocol evolution might warrant such a change.

Fix

Acknowledge that the MAX_SUPPLY is immutable. If future flexibility for supply cap adjustments is ever considered necessary, a different design pattern involving a state variable managed by a governance or admin role would be required. However, such a change would introduce its own set of governance and security considerations.

Status

Unresolved

Analysis

AI Copilotas of audit · Sep 4
Executive SummaryWhat the contract is and what the review found

The WrappedOCT contract is an ERC20 token with bridging and pausing capabilities, built upon battle-tested OpenZeppelin libraries. The audit identified a Medium risk related to centralized control over critical functions, where a single compromised address could impact token supply and operations. Minor issues include non-standard decimal precision and immutable supply cap. The contract's architecture is straightforward and does not employ upgradeability patterns.

Technical8/10Low risk

The contract leverages well-audited OpenZeppelin libraries for ERC20, AccessControl, and Pausable functionalities (7.2 Code Security). It implements clear checks for zero addresses and amounts in bridgeMint and bridgeBurn, and enforces a MAX_SUPPLY limit to prevent unbounded minting (7.1 Architecture). A non-standard decimals value of 6 is explicitly set, which is a design choice but requires careful integration (7.6 External).

Governance2/10High risk

The contract exhibits centralized control over key functions (7.3 Access Control, 7.5 Governance). The DEFAULT_ADMIN_ROLE (deployer) can manage all roles, including the BRIDGE_ROLE which controls token minting and burning, and the PAUSER_ROLE which can halt all transfers. While a MAX_SUPPLY is enforced, the power of the BRIDGE_ROLE to mint up to this limit and burn tokens represents a significant single point of failure (7.4 Economic, 7.8 Operations).

Upgrades6/10Medium risk

The WrappedOCT contract is not designed with an upgradeability pattern (7.7 Upgrades). It is a standard, immutable contract deployment. This eliminates risks associated with upgrade proxies, such as storage collisions or faulty upgrade logic, but also means the contract's logic cannot be modified post-deployment.

Final RecommendationWhat to do about this score

To mitigate the identified risks, it is strongly recommended to implement multi-signature wallets for all critical roles, including DEFAULT_ADMIN_ROLE, BRIDGE_ROLE, and PAUSER_ROLE.

This distributes control and significantly reduces the impact of a single private key compromise. Additionally, ensure all external systems interacting with WrappedOCT are fully aware of and correctly handle its 6-decimal precision to prevent integration issues.

Contract & Record

1 audit on record
TypeToken
NetworkEthereum
Token age1mo
Contract0x4647…6e80
Deployer0x33f6…7a51
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Audit History
  1. Sep 4, 202638Medium
  2. Jul 23, 202633Low

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

Frequently Asked Questions

Is Octra a scam?

Based on the provided data, Octra exhibits characteristics that mitigate common scam risks. Its contract is verified, ownership is renounced, and no mint function exists, preventing arbitrary token creation or owner control. While these factors significantly reduce the likelihood of specific developer-led rug pulls, they do not eliminate all potential market risks. Investors should consider all aspects.

Is Octra safe to buy?

While Octra has a low risk score of 18/100 and positive attributes like a verified, renounced contract without a mint function, two key factors warrant caution. The liquidity is not locked, posing a risk to market stability if withdrawn. Furthermore, the top 10 holders control 46.3% of the supply, indicating potential for significant market impact.

Has Octra been audited?

The data states Octra's contract is "verified," meaning its code is publicly available and matches the deployed version on the blockchain. This enhances transparency. However, contract verification is distinct from a full, independent security audit conducted by specialized firms, which involves a deeper, more comprehensive vulnerability assessment.

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