Is IoTeX a scam?

Asked about IoTeX (IOTX), market cap rank #606.

Short answer

IoTeX (IOTX) 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

  • Team is anonymous
  • 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
  • Transfers can be paused by the owner

Positive signals

  • High security score of 89.8% from Hacken audit.
  • Active community engagement with substantial social media following.

Security audits

1 audit on record.

  • Hacken (2023-04-15) — pass

Team transparency

The IoTeX team is anonymous — public identities are not on record.

See the full report

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