2026-01-12 20:32:16

Security Alert: LUGI Token Risk Warning

Project Name: Lugi | Token: $LUGI
Blockchain: Ethereum

A potential security concern has been identified with this project. The contract shows that ownership privileges have not been renounced, which poses a risk to token holders. This means the contract creator retains elevated control over the token mechanics and fund flows.

Key Risk Factor:
⚠️ Ownership not renounced - creators maintain administrative control
⚠️ Ethereum-based token vulnerable to centralized decision-making

Before participating in any token project, always verify:
• Whether contract ownership has been properly renounced
• Smart contract audit status
• Liquidity lock status and duration
• Team transparency and project roadmap

This is a standard precaution when evaluating newly launched or lesser-known tokens. Always conduct thorough due diligence.

ETH2,42%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
4
Repost
Share

Comment

0/400

QuietlyStaking

· 21h ago

It's the old trick of ownership not being relinquished again; you really can't touch this kind of project.

View OriginalReply0

GamefiHarvester

· 21h ago

Another project where ownership hasn't been relinquished. I'm tired of this routine; I really need to stay sharp.

View OriginalReply0

YieldChaser

· 21h ago

Another one with ownership that hasn't been abandoned? These days, even this much effort isn't worth bothering with when working on a project. It's really outrageous.

View OriginalReply0