Is Flagship by Virtuals a scam?

Asked about Flagship by Virtuals (FYI), market cap rank #6606.

Short answer

Flagship by Virtuals (FYI) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Not listed on any high-trust exchange
  • Less than 50% of supply is circulating
  • Very low on-chain liquidity

Positive signals

  • Comprehensive audit by Nethermind Security with no critical issues found.
  • High-quality whitepaper with detailed technical information.
  • Active social media presence with regular updates.
  • Experienced founding team with backgrounds in AI and blockchain.
  • Transparent tokenomics with clear allocation and vesting schedules.

Security audits

1 audit on record.

  • Nethermind Security (2026-04-15) — pass

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