Is Proof Of Bagwork (POB) Safe? Smart Contract Security Analysis

Proof Of Bagwork POB

BAGWtY…mJS6

Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

94 / 100

Critical Risk

Executive 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. 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.

1 Critical

Volume 24h

$24.1000

Liquidity

$13.5K

Price

$0.00001386

Token Age

15d

Top 10 Holders

70.4%

Security Findings

1 Crit

Critical

Flagged High-Risk by Third-Party Registry

C-01An 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).

IssueAn 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).

FixDo not interact with this token.

StatusUnresolved

Category Ratings

TechnicalMedium4/10

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 Both the mint authority and freeze authority have been revoked, preventing further token issuance or freezing of holder accounts (7.3 Access Control).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).

GovernanceHigh1/10

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).

UpgradesMedium4/10

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).

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$13.5K

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

What Raised This Score

8 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 70% (70.4% total → 70.4% effective; 70.4% in EOAs, 0.0% in contracts — extreme)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($13,494 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

Is Proof Of Bagwork Safe?