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I found that many beginners ask "Is this project trustworthy or not," honestly don't just focus on the K-line... I usually check GitHub first to see if someone has been working on it long-term: commits are not sporadic, there are people replying to issues, some scolding, some responding, at least it seems active. Don't rely solely on audit reports as a talisman; look at the conclusions to see if there's a list of "repaired/unrepaired." The more honestly they write about risks, the more I tend to trust them.
Upgrading multi-signature is even more critical: who holds the permissions, how many people can modify the contract, and whether there's a time lock. A couple of days ago, I saw an on-chain upgrade transaction, from address 0x8f…c2, directly changing the implementation contract in the middle of the night. I was wide awake... Anyway, I’ll wait 24 hours before interacting.
Also, recently there's been a lot of noise about on-chain data tools and label systems lagging. Don't blindly trust labels; "XX fund address" could also be a cover. In the end, it still comes down to permissions, code, and how the money flows. That's all for now, don’t think I’m giving signals; I just don’t want to be woken up by a cat paw.