Is ZENEX a scam?

Asked about ZENEX (ZNX).

Short answer

ZENEX (ZNX) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-05-04

Red flags raised

  • Team is anonymous
  • Blacklist present
  • Project has a history of hacks or exploits
  • 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
  • Very few unique holders

Positive signals

  • Zenex operates across multiple reputable blockchain networks, including Solana, Binance Smart Chain, and Ethereum.
  • The project has a clear utility in the iGaming ecosystem, addressing real business use cases.
  • The team has taken prompt action to address security vulnerabilities, demonstrating responsiveness.

Team transparency

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

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