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Warning signal

Upgradeable Proxy

The contract can delegate or upgrade its logic (delegatecall / upgradeTo).

Analyzer: Source-Code Analysis
Slug: upgradeable_proxy

What it means

The source uses delegatecall or exposes upgradeTo/upgradeToAndCall. The code you audited today is not necessarily the code that runs tomorrow.

Why it matters

Upgradeability without a timelock means every guarantee is revocable: clean transfer logic can be swapped for a honeypot after liquidity arrives. Sibling signals proxy_detected/uups_proxy/beacon_proxy cover the bytecode side.

How RektRadar detects it

Source regex on delegation/upgrade call signatures, raised as warning by the source analyzer.

From our dataset

9,900
tokens carried this flag
3,744
of them classified scam
37.8%
of tokens with this flag end up classified scam
209
flagged in the last 30 days

Top brand-jacked tickers carrying this flag: $PENDLE-LPT, $SAOS, $USDT, $FFROGS, $WETH-EIGEN

Pool version of the flagged tokens that trade: V4 3,672 · V2 252 · V3 224

Snapshot from RektRadar's token_analysis database as of 2026-09-28.

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Related signals

Blacklist Mapping - The contract can blacklist any address from selling - a kill-list with no notice period. Owner Not Renounced - The contract still has an owner - nothing prevents a future privileged change. Upgradeable Proxy - The contract is a proxy - its logic can be swapped without users' consent. Proxy Admin Role - An admin role exists and can change the proxy's implementation contract. Beacon Proxy - Multiple contracts share a single upgradeable implementation - one switch rugs all of them.