The SixSevenOFT contract is an upgradeable Omnichain Fungible Token (OFT) implementation built on LayerZero V2. It utilizes a TransparentUpgradeableProxy pattern with a multisig as the proxy admin. The contract inherits standard OFT functionality, allowing cross-chain token transfers. While the core logic is based on audited LayerZero libraries and OpenZeppelin's upgradeable patterns, the operational security heavily depends on the correct configuration and management by the contract owner. Centralized control by the owner over critical LayerZero parameters and upgradeability presents a medium risk.

On-chain security analysis — is it a scam or legit?
Is SIXSEVEN Safe?
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 →The SixSevenOFT contract is an upgradeable Omnichain Fungible Token (OFT) implementation built on LayerZero V2. It utilizes a TransparentUpgradeableProxy pattern with a multisig as the proxy admin.
Read the full analysis- Ownership not renounced — weak Multisig
- Proxy contract
- OZ ProxyAdmin -> Weak Multisig
- 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%
- Token age < 30 days
- 2 Medium finding(s) from audit
- 1 Low finding(s) from audit
Exact factors
- Ownership NOT renounced — weak Multisig (1-of-1)
- Proxy contract (upgradeable — admin can replace logic)
- OZ ProxyAdmin -> Weak Multisig (1-of-1)
- 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)
- Token age < 30 days (still settling)
- 2 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 4Holders
as of audit · Sep 4, 2026- Contractstreasury, vesting, bridge, staking5.1%
- Walletsanonymous holders, free to sell7.6%
- Everyone elsethe rest of the supply87.2%
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 4The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0xb242…8e76No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
Security Findings
MediumCentralized Control by Owner
The contract uses the Ownable pattern, granting significant administrative control to a single owner address (a multisig in this case). This owner has the power to configure critical LayerZero parameters (e.g., setTrustedRemote, setMinDstGas), set delegates, and potentially upgrade the contract. While a multisig mitigates some risk, it still represents a centralized point of failure or potential misuse if the multisig's security is compromised or its members act maliciously (7.3 Access Control, 7.5 Governance).M-01
Issue
The contract uses the Ownable pattern, granting significant administrative control to a single owner address (a multisig in this case). This owner has the power to configure critical LayerZero parameters (e.g., setTrustedRemote, setMinDstGas), set delegates, and potentially upgrade the contract. While a multisig mitigates some risk, it still represents a centralized point of failure or potential misuse if the multisig's security is compromised or its members act maliciously (7.3 Access Control, 7.5 Governance).
Fix
Consider implementing a timelock for critical administrative functions to introduce a delay before changes take effect, allowing for community review or emergency intervention. Ensure the multisig governance process is robust, transparent, and follows best practices for key management and transaction approval.
Status
Unresolved
MediumReliance on LayerZero Configuration and Operational Risks
The contract's core functionality as an Omnichain Fungible Token (OFT) heavily relies on the correct and ongoing configuration of LayerZero parameters by the contract owner. Misconfiguration of parameters such as setTrustedRemote, setMinDstGas, or setFeeManager could lead to funds being stuck, lost during cross-chain transfers, or unexpected fee structures (7.6 External, 7.8 Operations). The security and reliability of the LayerZero protocol itself are also external dependencies.M-02
Issue
The contract's core functionality as an Omnichain Fungible Token (OFT) heavily relies on the correct and ongoing configuration of LayerZero parameters by the contract owner. Misconfiguration of parameters such as setTrustedRemote, setMinDstGas, or setFeeManager could lead to funds being stuck, lost during cross-chain transfers, or unexpected fee structures (7.6 External, 7.8 Operations). The security and reliability of the LayerZero protocol itself are also external dependencies.
Fix
Implement rigorous testing and verification procedures for all LayerZero parameter changes. Establish clear operational guidelines for the owner to manage these configurations. Monitor LayerZero's official channels for any security advisories or updates to the protocol. Consider integrating monitoring tools to detect unusual activity or misconfigurations.
Status
Unresolved
LowPotential Misconfiguration of Initial Owner
The initialize function, which sets the token's name, symbol, and the initial owner via __Ownable_init(_delegate), is public. While protected by the initializer modifier to prevent re-initialization, if the _delegate parameter is incorrectly specified during the initial deployment and initialization of the proxy, the contract's ownership could be assigned to an unintended address (7.3 Access Control). Given the contract is live, this is primarily a deployment-time risk.L-01
Issue
The initialize function, which sets the token's name, symbol, and the initial owner via __Ownable_init(_delegate), is public. While protected by the initializer modifier to prevent re-initialization, if the _delegate parameter is incorrectly specified during the initial deployment and initialization of the proxy, the contract's ownership could be assigned to an unintended address (7.3 Access Control). Given the contract is live, this is primarily a deployment-time risk.
Fix
Ensure that the _delegate address passed to the initialize function during proxy deployment is thoroughly verified and corresponds to the intended multisig owner. Implement a robust deployment checklist to prevent such misconfigurations.
Status
Unresolved
InfoHardcoded Decimals
The decimals() and sharedDecimals() functions are hardcoded to return 9. This is a design decision for the token (7.4 Economic). Any future requirement to change the token's decimal precision would necessitate a contract upgrade, which might be a complex process.I-01
Issue
The decimals() and sharedDecimals() functions are hardcoded to return 9. This is a design decision for the token (7.4 Economic). Any future requirement to change the token's decimal precision would necessitate a contract upgrade, which might be a complex process.
Fix
No direct action is required if this is the intended design. If flexibility in decimal precision is ever anticipated, consider a design that allows the owner to update this value, though this introduces additional complexity and potential risks.
Status
Unresolved
Analysis
AI Copilotas of audit · Sep 4The contract is a standard LayerZero OFT implementation, inheriting robust cross-chain token logic. It uses a recent Solidity compiler version (0.8.22) which includes default overflow/underflow checks (7.2 Code Security). However, the contract's functionality heavily relies on the correct and ongoing configuration of LayerZero parameters by the owner, which introduces an operational risk (7.6 External, 7.8 Operations). For example, incorrect setTrustedRemote configurations could lead to stuck funds.
The contract employs an Ownable pattern, granting significant control over critical LayerZero configurations and upgradeability to a single owner address (7.3 Access Control). While the owner is a multisig, this still represents a centralized point of control (7.5 Governance). The token's decimals are hardcoded to 9, which is a design decision (7.4 Economic) and would require an upgrade to change.
The contract utilizes the Transparent Upgradeable Proxy pattern, a well-established and audited mechanism for upgradeability. The proxy's admin is controlled by a multisig, enhancing security for future upgrades (7.7 Upgrades). The initialize function is correctly protected by the initializer modifier and _disableInitializers() is called in the constructor, preventing re-initialization of the implementation contract.
It is crucial to ensure that the multisig owner maintains robust security practices, including secure key management and a well-defined process for approving transactions, especially those related to LayerZero configuration and contract upgrades.
Regular monitoring of LayerZero's official channels for security announcements and updates is also recommended to address any potential vulnerabilities in the underlying protocol. Additionally, consider implementing a timelock for critical administrative actions to provide a delay for review and potential intervention.
Contract & Record
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- Aug 20, 202652Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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