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

Is SOLANA Safe?

SOLBNB Chain
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
SummaryAI Copilot

This audit covers a BEP20 token implementation designed for an upgradeable proxy.

Read the full analysis
What raised the score
  • Ownership status UNKNOWN
  • Mintable supply — no cap found, dilution unbounded
  • Proxy contract
  • Admin is EOA
  • Top-10 concentration > 50%
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • LP top1 unlocked holder = 99.7%
  • LP top3 unlocked holders = 100.0%
  • 1 High finding(s) from audit
  • 1 Medium finding(s) from audit
Exact factors
  • Ownership status UNKNOWN (owner could not be resolved)
  • Mintable supply — no cap found, dilution unbounded
  • Proxy contract (upgradeable — admin can replace logic)
  • Admin is EOA (single key controls upgrades)
  • Top-10 concentration > 50% (62.6% total → 62.0% effective; 61.6% in EOAs, 1.1% in contracts — heavy)
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • LP top1 unlocked holder = 99.7% (independent LP — depth risk, pool = 36% of DEX liquidity)
  • LP top3 unlocked holders = 100.0% (independent LP — depth risk, pool = 36% of DEX liquidity)
  • 1 High finding(s) from audit
  • 1 Medium 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 41 of 5 checks passed
Contract verifiedVerified
OwnershipUnknown
MintMintable
Liquidity lockNot locked
UpgradeabilityUpgradeable

Holders

as of audit · Sep 4, 2026
61.6%Wallets37.4%Everyone else
61.6%Wallets37.4%Everyone else
ContractsWalletsEveryone elseBubble area = share of supply
62.6%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking1.1%
  • Walletsanonymous holders, free to sell61.6%
  • Everyone elsethe rest of the supply37.4%
Effective concentrationwhat the score reads62.0%
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$3.57M across 30 pairs
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$1.30MShare of depth36.3%
Top-1 Unlocked Holder99.7%
Top-3 Unlocked100.0%
Unlocked LP held by
0x556b…d59e0xa53b…22cc0x2ace…c77a0x6ac5…2a770x19bf…62260xc60f…d74c0x3e71…68280x15d6…6c4e0xb01f…50100x3543…5963

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

Security Findings

1 High1 Medium2 Info
High

Centralized Control by EOA Owner

The contract's _owner is a single External Owned Account (EOA) that has significant control over the token. This includes the ability to mint new tokens (if _mintable is true), transfer ownership, and renounce ownership. Furthermore, the proxy's admin, also an EOA, controls contract upgrades. This centralization introduces a single point of failure, where compromise of this EOA could lead to unauthorized minting, malicious upgrades, or loss of control over the token.H-01

Issue

The contract's _owner is a single External Owned Account (EOA) that has significant control over the token. This includes the ability to mint new tokens (if _mintable is true), transfer ownership, and renounce ownership. Furthermore, the proxy's admin, also an EOA, controls contract upgrades. This centralization introduces a single point of failure, where compromise of this EOA could lead to unauthorized minting, malicious upgrades, or loss of control over the token.

Fix

Consider migrating the _owner and proxy admin roles to a multi-signature wallet (e.g., Gnosis Safe) to distribute control and reduce the risk associated with a single point of compromise. This enhances security by requiring multiple approvals for critical operations.

Status

Unresolved

Medium

ERC-20 Allowance Race Condition

The standard approve function is susceptible to a known ERC-20 allowance race condition. If a user approves an amount, and then attempts to change that allowance to a different value, a malicious spender could front-run the second transaction. This allows the spender to spend the original allowance, and then also spend the new allowance, effectively doubling the amount they can spend. While increaseAllowance and decreaseAllowance mitigate this for changes, the initial approve is still vulnerable.M-01

Issue

The standard approve function is susceptible to a known ERC-20 allowance race condition. If a user approves an amount, and then attempts to change that allowance to a different value, a malicious spender could front-run the second transaction. This allows the spender to spend the original allowance, and then also spend the new allowance, effectively doubling the amount they can spend. While increaseAllowance and decreaseAllowance mitigate this for changes, the initial approve is still vulnerable.

Fix

Educate users about the risks of the approve function and recommend using increaseAllowance and decreaseAllowance when modifying existing allowances. For initial approvals, users should be cautious and verify transactions. While this is a standard ERC-20 behavior, awareness is key.

Status

Unresolved

Info

Missing Event for initialize Parameters

The initialize function sets critical parameters such as name, symbol, decimals, initial amount, mintable status, and owner. However, it does not emit an event to log these initial configurations on-chain. This makes it harder for off-chain systems, block explorers, and monitoring tools to reliably track the token's initial setup and verify its properties without parsing transaction input data.I-01

Issue

The initialize function sets critical parameters such as name, symbol, decimals, initial amount, mintable status, and owner. However, it does not emit an event to log these initial configurations on-chain. This makes it harder for off-chain systems, block explorers, and monitoring tools to reliably track the token's initial setup and verify its properties without parsing transaction input data.

Fix

Emit an event within the initialize function that logs all the significant parameters set during the contract's initial setup. For example, `event Initialized(string name, string symbol, uint8 decimals, uint256 initialSupply, bool mintable, address owner);`

Status

Unresolved

Info

Incomplete _burnFrom Function in Provided Source

The provided source code for the internal _burnFrom function is truncated, ending with _allowances[account][_msgSender()].sub(am.... This prevents a full security review of its logic. While it is an internal function, its complete implementation is necessary to ensure no vulnerabilities exist within its scope, especially concerning allowance management.I-02

Issue

The provided source code for the internal _burnFrom function is truncated, ending with _allowances[account][_msgSender()].sub(am.... This prevents a full security review of its logic. While it is an internal function, its complete implementation is necessary to ensure no vulnerabilities exist within its scope, especially concerning allowance management.

Fix

Ensure that the complete and verified source code for all functions, including internal ones, is available for a comprehensive security audit. This allows for a thorough review of all code paths and logic.

Status

Unresolved

Analysis

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

This audit covers a BEP20 token implementation designed for an upgradeable proxy. The contract utilizes standard OpenZeppelin patterns for upgradeability, safe math, and access control. Key findings include centralized control by an EOA owner, a known ERC-20 allowance race condition, and informational observations regarding event emissions and incomplete source code.

Technical6/10Medium risk

The technical architecture (7.1 Architecture) is a standard BEP20 token implementation designed for upgradeability using the Initializable pattern. Code security (7.2 Code Security) is enhanced by the use of SafeMath for all arithmetic operations, mitigating integer overflow/underflow risks. However, the standard ERC-20 approve function remains susceptible to a known allowance race condition. Access control (7.3 Access Control) for core token functions like transfer and approve is standard, while mint is restricted to the owner.

Governance1/10High risk

The economic model (7.4 Economic) allows for optional minting, controlled by a single owner EOA, which introduces significant centralization risk if the _mintable flag is true. This centralized control extends to governance (7.5 Governance), as there is no decentralized governance mechanism; all critical administrative functions, including ownership transfer and minting, are managed by a single EOA. This creates a single point of failure and trust for the token's supply and administrative actions.

Upgrades1/10High risk

The contract is designed for upgradeability (7.7 Upgrades) using the Initializable pattern, correctly preventing re-initialization. The proxy admin, a single EOA, controls the upgrade process, which presents a high risk due to the single point of compromise. While Initializable helps, careful management of storage layout is crucial during upgrades to prevent storage collisions, especially with the Transparent proxy pattern. The empty constructor is correctly implemented for upgradeable contracts.

Final RecommendationWhat to do about this score

It is recommended to consider implementing a multi-signature wallet for the owner and proxy admin roles to mitigate the risks associated with centralized control and single points of failure.

Additionally, review the implications of the ERC-20 allowance race condition and ensure users are aware of best practices when interacting with the approve function. For future development, ensure all critical state changes and initializations emit corresponding events for enhanced transparency and off-chain monitoring.

Contract & Record

1 audit on record
TypeBEP20UpgradeableProxy
NetworkBNB Chain
Token age2y
Contract0x570a…43df
Deployer0x08ad…b9b7
Proxy Upgrade Controls
Proxy TypeEip1967 Transparent
AdminEOA (single key controls upgrades)
ImplementationVerified source
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Audit History
  1. Sep 4, 202674High
  2. Aug 11, 202673High

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

Frequently Asked Questions

What is the SOL contract address?

The SOLANA (SOL) contract on BNB Chain is 0x570a5d26f7765ecb712c0924e4de545b89fd43df. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is SOLANA a scam?

Quantum Audit's risk score for SOLANA is 74/100 (High risk) as of Sep 4, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Upgradeable. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is SOL liquidity locked?

Liquidity lock: Not locked (as of Sep 4, 2026). Total DEX liquidity: $3.57M.

Who holds SOL?

As of Sep 4, 2026, the 10 largest holders own 62.6% of the supply. The Holders section on this page shows who they are by holder type.

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