Is Cobak a scam?
EXTREME RISK · 72/100Cobak (CBK) has an automated risk score of 72/100 — extreme risk. Cobak has highly concentrated ownership: On-chain: the top 10 holders control 83.0% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own. That is a measurement of who holds the supply, not a finding about how any holder has acted or will act. Down 99% from its all-time high — among the deepest drawdowns we measure. Market cap under $100M — mid-sized; large trades can still move the price.
Automated assessment · updated 12 October 2026
Cobak
cbkEXTREME$0.1934
-0.21% (24h)
updating live price…
Risk Assessment
Risk Score
EXTREME RISK
Driven primarily by drawdown from all-time high (25 of 25 points). Every contributing factor is itemised below.
measured 2026-10-12 · 7 factors evaluated
Here is what the public data shows about Cobak, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 99% from its all-time high — among the deepest drawdowns we measure.
- On-Chain Holder Concentration: On-chain: the top 10 holders control 83.0% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own.
- Market Cap Risk: Market cap under $100M — mid-sized; large trades can still move the price.
- Volume Anomaly: Volume at 37.9% of market cap — within normal range.
These are automated, opinion-based indicators from public data — not financial advice or an allegation of wrongdoing. See our methodology.
Why this asset is flagged as high-risk
The patterns below are automated, opinion-based observations from public market data. They describe statistical risk indicators — not proof of wrongdoing by any project or person.
Verified on-chain: after excluding burn and labelled exchange, staking and liquidity wallets (team/vesting contracts are counted), the top 10 holders control more than half of the supply. At that level ten wallets hold enough supply to move the price on their own; this measures holdings, not conduct
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
25/25
100%
How far the price sits below its peak. Deep drawdowns are common to abandoned and post-collapse tokens, but also to assets in a prolonged bear market — on its own this measures price history, not conduct.
Volume Anomaly
Trading Signals
1/20
5%
24-hour volume compared with market cap. Very high turnover can reflect genuine news-driven trading or inflated volume; very low turnover means the price is rarely tested. We measure the ratio and cannot attribute it to any party.
Market Cap Risk
Market Structure
3/15
20%
Market capitalisation. The smaller the asset, the less capital it takes to move its price.
On-Chain Holder Concentration
Tokenomics
22/22
100%
Verified holder data. Burn and labelled exchange, staking, bridge and LP wallets are excluded; unlabelled contracts (often team/vesting multisigs) are counted. Above the flag threshold, ten wallets hold enough supply to move the price on their own.
Not contributing (3): Supply Structure, Price Volatility, Transparency Gaps — 0 points.
Key Metrics
Protect Yourself
- • Never invest more than you can afford to lose entirely
- • Check token concentration — if top 10 wallets hold >50%, be cautious
- • Verify the team is public and doxxed
- • Read the smart contract audit before buying
- • Be wary of unrealistic APY promises
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Community Comments
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What the contract allows
Ethereum · measured 2026-10-21
Cobak’s deployed contract grants its owner 2 privileges that can affect your position. These are properties of the code itself, not allegations about anyone’s conduct — many legitimate projects retain them deliberately.
Owner can pause all transfers
Trading and transfers can be halted, locking holders in place.
Owner can blacklist wallets
Specific addresses can be barred from transferring the token.
Not answered by our source: change any wallet balance, mint new tokens, ownership can be reclaimed after renouncing, contract has a hidden owner, contract can self-destruct. Treat these as unknown, not as absent.
Source code: published and verified, so the deployed bytecode can be independently reviewed.
Contract analysis from GoPlus Labs · verify on-chain. An upgradeable contract can change after this reading.
How we counted holders here
Ten largest wallets
88.3%
including custodial
Largest private wallets
83.0%
after excluding 1
1 of Cobak’s ten largest holders is a labelled exchange, market-maker, treasury or vesting, liquidity-pool or DeFi-protocol, staking or vault, bridge, multisig or burn address — supply that is custodied, pooled or destroyed rather than sitting in one person’s wallet. Separating it out moves the top-10 figure by 5.3 points. We report the private-wallet figure because that is the supply someone can actually choose to sell today.
Wallets excluded from the top 10
| Address | Classified as | Label | Share |
|---|---|---|---|
| 0x40ec…bbdf | Bridge contract | Polygon (Matic): ERC20 Bridge · Polygon (Matic): ERC20 Bridge · Bridge · Polygon (Matic) · R | 6.41% |
Classification applied to the 100 holder records returned for this contract; 92 remained after exclusions · measured 2026-10-12. Custodial wallets are identified by public address labels, so an unlabelled one may still be counted as private — this correction is a floor, not a guarantee.
Cobak holder-concentration history
2 dated measurements · -0.2 pts over the period
FraudCoins.com has measured the share of Cobak’s supply held by its top 10 non-exchange wallets on 2 days since 11 Oct 2026. The highest reading was 83.2% on 11 Oct 2026; the most recent reading is 83% on 12 Oct 2026.
- 12 Oct 2026: Added contract-type rules (lock-ups, vaults, lending and yield protocols), excluded vault and yield-bearing receipt tokens, and stopped flagging assets where the measured chain holds only part of the supply.
Composite risk score (0–100)
Recorded measurements (2)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 83% | Yes | |
| 83.2% | Yes |
Each row is an automated measurement taken on the date shown, using public on-chain holder data with burn and labelled exchange, staking, bridge and liquidity wallets excluded. Historical readings describe what our model measured on that date — they are not statements about the project’s conduct then or now, and are not financial advice.
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Frequently asked questions about Cobak
Is Cobak a scam?
We do not allege that Cobak (CBK) is a scam, and we have no evidence of wrongdoing by anyone associated with it. What we can tell you is what we measured: Its ten largest private wallets hold 83% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 72/100 on our automated scale, which we label extreme risk. A high score means the asset has structural characteristics that have historically preceded losses — not that fraud has occurred. These are automated, opinion-based indicators from public market and on-chain data — not statements of fact, financial advice, or allegations of wrongdoing.
Why is Cobak flagged as extreme risk?
Cobak's risk score is driven mainly by: drawdown from all-time high — Down 99% from its all-time high — among the deepest drawdowns we measure; on-chain holder concentration — On-chain: the top 10 holders control 83.0% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own; market cap risk — Market cap under $100M — mid-sized; large trades can still move the price.
Who controls Cobak's supply?
On-chain data shows the top 10 holders of Cobak control 83.0% of the supply, after excluding burn and labelled exchange, staking, bridge and liquidity wallets. At that level ten wallets hold enough supply to move the price on their own. This measures holdings, not how any holder has acted.
Is Cobak safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Cobak scores 72/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.