CoinStats has recently integrated the groundbreaking “Glider Token Risk” scanning technology developed by the leading cybersecurity firm Hexens into its platform. This tool offers users visibility into over 22 smart contract risks prior to purchasing any token. The feature is now active on the CoinStats platform, providing a significant enhancement to token security.
Development in Token Safety: Glider Token Risk
This integration arrives at a crucial moment. In 2024 alone, over 74,000 fraudulent tokens were launched, deceiving investors out of approximately $10 billion. Shockingly, 94% of these tokens contained exploitable code from the day they were released. Consequently, a technology like Glider Token Risk is essential in exposing such vulnerabilities.
Glider Token Risk goes beyond superficial scanning. It dissects contract logic to analyze each function, path, and dependency, thereby unveiling threats that other systems might miss. This comprehensive analysis is likened to scanning a token with an X-ray machine before any transactions occur.
Identifying Token Risks with Precision
The scanner can identify 22 risk categories, including preventable transfers (59%), external calls during transfers (29%), balance manipulation (25%), centralized token minting (21%), hidden fees (10%), centralized burn authority (9%), upgradable contracts (9%), blacklist/whitelist mechanisms (5%), and pausable transfers (7%). Additionally, cooldown mechanisms, transfer fees, and other exploit factors are detected as well. Tokens that give off a “rug pull” impression are flagged automatically. Each risk is clearly explained, providing actionable insights without requiring technical expertise.
Building Safer Investment Habits
This feature seems to fill a significant gap in the market by offering transparent and actionable insights into tokens instead of just relying on scores. Not all low-reliability projects are scams, and not every scam appears suspicious. By revealing risks embedded in smart contracts, the tool aids users in making informed and secure decisions.
How to Use Glider Token Risk
Glider Token Risk operates primarily on EVM-compatible networks including Ethereum 
$3,106, BNB, Base, Polygon, and more. It is available for CoinStats Degen plan users on iOS, Android, and web platforms. Usage is straightforward: search for any token on CoinStats, go to the “Risks” tab, and access detailed analyses.
Hexens and CoinStats
Hexens is a leading cybersecurity firm in the Web3 space, favored by industry giants like Polygon, Lido, and EigenLayer. Their unique smart contract analysis engine, Glider, offers advanced threat detection. Hexens aims to secure decentralized systems with their expertise in smart contracts, protocol audits, and incident handling.
CoinStats tracks over $100 billion in assets, enabling users to monitor multiple wallets and exchanges. The platform integrates with 120 blockchains, 300 wallets, and exchanges, and 1,000+ DeFi protocols, while being compatible with platforms like Binance, MetaMask, Coinbase, and Phantom.
