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

Is Proof Of Bagwork Safe?

POBSolana
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 record
SummaryAI Copilot

This SPL Token Mint audit identifies a critical risk: a third-party risk registry flags the token's creator with a history of rugged tokens.

Read the full analysis
What raised the score
  • Top-10 concentration > 70%
  • Liquidity < $50k
  • Token age < 30 days
  • 1 Critical finding(s) from audit
Exact factors
  • Top-10 concentration > 70% (75.6% total → 75.6% effective; 75.6% in EOAs, 0.0% in contracts — extreme)
  • Liquidity < $50k ($13,957 across 1 pairs — thin market)
  • Token age < 30 days (still settling)
  • 1 Critical 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 224 of 4 checks passed
Contract verifiedVerified
MintNo mint
Liquidity lockLocked
UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026
75.6%Top 10 holders24.4%Everyone else
75.6%Top 10 holders24.4%Everyone else
Top 10 holdersEveryone elseBubble area = share of supply
75.6%of supply sits with the top 10 holders
  • Top 10 holdersthe ten largest balances75.6%
  • Everyone elsethe rest of the supply24.4%

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

Liquidity

as of audit · Sep 22$14.0K

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$14.0KShare of depth100.0%

Security Findings

1 Critical
Critical

Flagged High-Risk by Third-Party Registry

An independent third-party risk registry classifies this token as high-risk based on its own dataset, specifically citing a creator history of rugged tokens. This external signal indicates a significant trust and security concern (7.6 External).C-01

Issue

An independent third-party risk registry classifies this token as high-risk based on its own dataset, specifically citing a creator history of rugged tokens. This external signal indicates a significant trust and security concern (7.6 External).

Fix

Do not interact with this token.

Status

Unresolved

Analysis

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

This SPL Token Mint audit identifies a critical risk: a third-party risk registry flags the token's creator with a history of rugged tokens. While the token's on-chain configuration is robust with revoked mint and freeze authorities, this external signal indicates a significant trust concern. Holder distribution data from chain-native RPC was unavailable, but a third-party source indicated moderate concentration.

Technical8/10Low risk

The token is implemented using the spl-token-2022 program. Both the mint authority and freeze authority have been revoked, preventing further token issuance or freezing of holder accounts (7.3 Access Control). No transfer hook is active, and new accounts are not created in a frozen state. The token's metadata is immutable, and balance mutability is not enabled, indicating a secure technical configuration (7.2 Code Security).

Governance4/10Medium risk

The top 10 token accounts hold 35.31% of the total supply, indicating a moderate level of holder concentration (7.4 Economic). The token has a liquidity of $39,273, with a 24-hour volume of $112,800, resulting in a normal Volume/Liquidity ratio of 2.87. The DEX pair has been active for 15 days, providing some track record (7.4 Economic).

Upgrades8/10Low risk

The mint and freeze authorities for this SPL Token-2022 mint are both revoked, ensuring that the token supply cannot be increased and accounts cannot be frozen (7.7 Upgrades). Key extensions like transfer hook and transfer fee are not present, and their upgradability is not enabled. The token's metadata is immutable, preventing changes to its name, symbol, or image post-launch (7.7 Upgrades).

Final RecommendationWhat to do about this score

Given the critical flag from a third-party risk registry regarding the creator's history, it is strongly recommended to avoid interaction with this token.

If interaction is deemed necessary, conduct thorough independent due diligence on the token's creator and their historical projects beyond the provided data. Continuously monitor the token's liquidity and holder distribution for any significant changes that could indicate further risk.

Contract & Record

2 audits on record
TypeSPL Token-2022
NetworkSolana
Token age15d
ContractBAGWtY…mJS6
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Audit History
  1. Sep 22, 202644Medium
  2. Sep 4, 202694Critical
  3. Aug 3, 202679High

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

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