The coin tracking company added that the new tool is live for CoinStats Degen plan subscribers on iOS, Android, and web.
Crypto tracker CoinStats has partnered with cybersecurity firm Hexens to integrate its coin audit tool, Glider Token Risk, in its platform. The company revealed that the tool gives traders instant visibility into 22+ smart contract risks before they purchase any digital assets.
CoinStats believes the initiative comes at a crucial time, with over 74,000 scam tokens launched in 2024. Those scam tokens drained approximately $10 billion from traders. The crypto tracker also noted that 94% of these malicious tokens contained exploit logic from day one.
CoinStats hopes to amp its token security with the Hexens’ Glider Token Risk tool. The crypto tracker said the tool doesn’t just skin the surface while doing token audits, but decomposes contract logic, breaks down every function, path, and dependency. The company noted that the tool’s deep analysis reveals threats that others miss.
CoinStats sees the Glider Token Risk tool as an X-ray for tokens, saying that it shows the bones of a contract before a person trades. Hexens also said the token scam landscape has transitioned into a professionalized threat ecosystem, often powered by scam-as-a-service infrastructure, AI-generated deception, and increasingly complex smart contract obfuscation.
CoinStats argued that the integration of the new audit tool makes the firm more than a portfolio tracker. The company said the new initiative now makes it an education tool, security guard, and BS detector all in one app.
The coin tracker revealed that it chose the Glider Token Risk tool for its scan abilities which identifies around 22 risk categories. Some of the threats the tool detects include blockable transfers, external calls during transfers, balance manipulation, centralized minting, hidden fees, centralized burn capabilities, upgradeable contracts, Blacklists and whitelists, and pausable transfers.
The company added that the tool also detects additional risks, including cooldown mechanisms, transfer fees, and other exploit patterns. CoinStats maintained that each risk scanned by the tool comes with a clear explanation, which gives traders actionable insights without needing technical expertise.
CoinStats argued that the integration addresses a critical market gap, the need to educate traders on coins before indulging in them. The firm said Glider Token Risk isn’t about blind trust in risk scores, but about clear and actionable insights into the tokens that traders interact with.
The coin tracking platform also maintained that not every low-trust project is a scam, and not every scam looks suspicious. CoinStats believes that by exposing the risks coded into smart contracts, the tool helps traders make smarter and safer decisions.
At the time of publication, Glider Token Risks works across major EVM-compatible chains. The tool works in Ethereum, BNB, Base, Polygon, Arbitrum One, Optimism, Avalanche C Chain, Blast, Linea, Mantle, Polygon zkEVM, Arbitrum Nova, Celo, Cronos, Gnosis, Moonbeam, Moonriver, Abstract, Ape, Berachain, Bit Torrent, Frax, Memecore, Sonic, Sophone, Swellchain, Taiko, Unichain, World, XAI, and XDC.
The coin tracking company added that the new tool is live for CoinStats Degen plan subscribers on iOS, Android, and web. CoinStats said traders will need to search for any token on the platform, navigate to the Risks tab, where they will get instant analysis with detailed breakdowns.
