I'm currently looking at the project "credibility" mainly focusing on three things: GitHub, audit reports, and multi-signature upgrades.


You don't need to understand the code on GitHub first; just check if there is long-term activity, if issues are being responded to, and if it's not just a sudden burst of commits overnight.
Don't be fooled by the logo when it comes to audit reports; focus on whether there are clear risk items marked as "unfixed/unfixable," and whether there has been follow-up afterward.
Upgrading multi-signature is even more practical: who are the signers, how many keys are required, and whether there are delays (giving you reaction time before they run away)...
In simple terms, the larger the authority, the more transparent it should be.
Recently, everyone has been watching on-chain large transfers and abnormal movements in exchange hot and cold wallets as "smart money," but I prefer to stay calm first and see if these basic checks have been properly done.
That's all for now.
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