CoinStats Integrates Glider Token Risk to Protect Traders from Scams
CoinStats, a leading cryptocurrency portfolio management platform, has integrated Glider Token Risk, a smart contract risk scanning tool from Hexens. This move aims to protect traders from the increasing number of scam tokens, with over 74,000 launched in 2024 that drained nearly $10 billion.
Glider Token Risk identifies risks by decomposing contract logic, revealing threats that other tools may miss. It detects 22 risk categories, with the most common being blockable transfers, external calls during transfers, and balance manipulation. The tool is now available for CoinStats Degen plan subscribers on iOS, Android, and web, accessible via the 'Risks' tab when searching for a token.
CoinStats, which tracks over $100 billion in assets and supports 120 blockchains, 300 wallets and exchanges, and over 1,000 DeFi protocols, now offers more than just portfolio tracking. With this integration, it serves as an education tool, security guard, and 'BS detector'.
Hexens, the elite Web3 cybersecurity firm that created Glider, is trusted by industry leaders like Polygon and Lido. With CoinStats' integration of Glider Token Risk, traders gain instant visibility into 22+ risks before trading, helping to safeguard their investments in the ever-evolving cryptocurrency landscape.
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