Is BTC Proxy a scam?
Asked about BTC Proxy (BTCPX), market cap rank #3024.
Short answer
BTC Proxy (BTCPX) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-05-18
Red flags raised
- Team is anonymous
- Trading volume is near zero
- No hard cap on total token supply
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
- Upgradable proxy
- Very few unique holders
- Very low on-chain liquidity
Positive signals
- High-quality whitepaper available
- Active social media presence
- Product aimed at bridging Bitcoin and DeFi
- Audit report available
- Security vulnerabilities identified and addressed
Security audits
1 audit on record.
- Cyberscope (2025-12-01) — critical_findings
Team transparency
The BTC Proxy team is anonymous — public identities are not on record.
See the full report
Full report for BTC Proxy — including the exact score, rating letter and full breakdown — requires a registered account.
Open the full BTC Proxy report →