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Is SpaceX - Backpack Securities Safe?

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SpaceX - Backpack Securities SPCX
SPCXxc…imGb
Solana
Not verifiedThis 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 today 1 audit on record
How is this score calculated? → Critical Risk
Executive SummaryAI Copilot

This SPL Token Mint exhibits critical security risks due to the presence of a mint authority, freeze authority, and a permanent delegate, allowing for arbitrary token minting, freezing of accounts, and transfer of user funds without consent. Additionally, a balance-mutating authority is active, and metadata can be changed. Third-party registry data was available and confirmed these authority flags. Holder distribution data was partially available, showing top 10 holders at 33.88%.

3 Critical1 Medium1 Low
Volume 24h
$430.0K
Liquidity
$913.5K
Price
$151.5800
Token Age
3mo
Top 10 Holders
36.6%

Security Findings

Critical

Mint Authority Not Revoked

C-01The mint authority is HK6jF7…XctZ. The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
IssueThe mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
FixVerify on-chain that the mint authority is set to null before treating supply as fixed.
StatusUnresolved
Critical

Freeze Authority Not Revoked

C-02The freeze authority is 2cVYpa…af4a. The holder can freeze any holder's account, blocking transfers and effectively confiscating funds.
IssueThe freeze authority is . The holder can freeze any holder's account, blocking transfers and effectively confiscating funds.
FixAvoid tokens whose freeze authority is not revoked unless the issuer is a regulated stablecoin operator.
StatusUnresolved
Critical

Permanent Delegate Configured

C-032cVYpa…af4a has permanent delegate authority and can transfer any holder's tokens without consent.
Issue has permanent delegate authority and can transfer any holder's tokens without consent.
FixTreat this token as fully custodial.
StatusUnresolved
Medium

Balance Mutability Authority

M-01A balance-mutating authority can adjust user balances.
IssueA balance-mutating authority can adjust user balances.
FixTreat this token as having a potential for balance manipulation.
StatusUnresolved
Low

Mutable Metadata

L-01Token name, symbol, or image can be changed post-launch.
IssueToken name, symbol, or image can be changed post-launch.
FixVerify metadata against off-chain expectations before trusting branding.
StatusUnresolved

Category Ratings

TechnicalHigh1/10

This token is implemented using the spl-token-2022 program, indicating support for advanced extensions (7.1 Architecture). As an SPL token mint, there is no on-chain source code for traditional code security review (7.2 Code Security N/A). Key authorities are active: a mint authority at , a freeze authority at , and a permanent delegate at (7.3 Access Control). The `balance_mutable` flag is set to True, indicating an authority can adjust user balances, impacting operational control (7.8 Operations). No transfer hook is configured, and new accounts are not created frozen.

GovernanceHigh1/10

The token has a total DEX liquidity of $843,054, with a 24-hour volume of $316,899, resulting in a normal Volume/Liquidity Ratio of 0.38. The DEX pair has been active for 99 days, providing some track record. Holder concentration shows the top 10 accounts hold 33.88% of the supply, which is not considered highly concentrated (7.4 Economic). There are no explicit on-chain governance mechanisms identified for this SPL token mint (7.5 Governance N/A).

UpgradesHigh1/10

The token mint's core authorities, including mint and freeze authorities, are not revoked, allowing for potential changes to the token supply and account states (7.7 Upgrades). A permanent delegate is also active. The `metadata_mutable` flag is set to True, meaning the token's name, symbol, or image can be altered post-launch. The transfer hook is upgradable, but no hook is currently active. External security signals from a third-party risk registry confirm these enabled authorities and mutable metadata (7.6 External).

Security Checklist

Contract VerifiedPass
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Liquidity Depth

Show 4 more pairsShow less

The 16 remaining pairs hold $18.7K between them and are not listed.

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

  • Freeze authority NOT revoked — any holder's account can be frozen
  • Mintable supply — no cap found, dilution unbounded
  • Top-10 concentration > 30% (36.6% total → 36.6% effective; 36.6% in EOAs, 0.0% in contracts — moderate)
  • Liquidity NOT locked (owner can withdraw — rug-pull risk)
  • 3 Critical finding(s) from audit
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit
  • Permanent Delegate set (any holder's tokens can be burned)

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

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