Is Leveraged stETH a scam?
Asked about Leveraged stETH (XSTETH).
Short answer
Leveraged stETH (XSTETH) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-02
Red flags raised
- Team is anonymous
- No recent code commits
- 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
Team transparency
The Leveraged stETH team is anonymous — public identities are not on record.
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