Is Convex Finance a scam?
Asked about Convex Finance (CVX), market cap rank #248.
Short answer
Convex Finance (CVX) is rated BB on isthiscoinascam.com. This is a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Team is anonymous
- Token supply can be minted by the owner
- No recent code commits
- 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
- No whitepaper found
Positive signals
- Tokenomics and distribution percentages published in Convex documentation.
- Multiple third-party security audits listed by Convex documentation for different Convex contract components.
Security audits
7 audits on record.
- MixBytes (2021-04) — unknown
- Peckshield (2022-09) — unknown
- Chainsecurity (2023-04) — unknown
- Nomoi (2023-01) — unknown
- Peckshield (2022-04) — unknown
- Peckshield (2022-11) — unknown
- Nomoi (2023-01) — unknown
Team transparency
The Convex Finance team is anonymous — public identities are not on record.
See the full report
Live price, contract security details, holder distribution, audit list, founder background and community ratings.
Open the full Convex Finance report →