Ronaldinho Gaúcho, the legendary Brazilian football icon, has become the latest public figure to wade into the cryptocurrency space with the launch of an “official token.” The token, trading under the $STAR10 ticker, was launched on the BNB Chain.
Gaúcho promoted the token as his “only official token” in a statement posted on X, declaring it a way to “celebrate greatness and passion.” The STAR10 website further elaborates, promising holders access to exclusive “challenges, rewards and events” linked to the athlete.
However, the celebratory launch was quickly overshadowed by serious security concerns. Barely after its debut, independent smart contract auditors at GoPlus Security, a firm specializing in blockchain security, identified a critical vulnerability within the token’s underlying code.
This flaw, they warned, granted the token’s developer the unilateral power to seize user holdings and burn tokens at will.
“GoPlus found that the owner can burn ANY holder’s tokens at will. Since ownership has not been renounced, all tokens are at risk of being destroyed without warning,” the team wrote.
⚠️ SECURITY ALERT ⚠️ @10Ronaldinho‘s STAR10 coin has a serious security risk!
GoPlus found that the owner can burn ANY holder’s tokens at will. Since ownership has not been renounced, all tokens are at risk of being destroyed without warning.
To @10Ronaldinho team: Please… pic.twitter.com/XLrU671nbi— GoPlus Security (@GoPlusSecurity) March 3, 2025
After the warning was made public, the team behind the token seemingly moved to address the issue, with GoPlus security later noting that the developers “renounced ownership” of the smart contract to relinquish their administrative control of the token.
Ronaldinho’s ’Only Official’ Token
While the swift action to rectify the security flaw may assuage some immediate concerns, questions persist regarding trading activity surrounding the token’s launch. Data from Lookonchain, a blockchain analytics firm, revealed that a wallet linked to the STAR10 team engaged in substantial pre-launch token purchases.
Approximately two and a half hours before the official announcement linking the token to Gaúcho, a wallet spent 80 BNB, valued at roughly $50,000, to acquire over 122 million STAR10 tokens, representing a significant 12 percent of the total token supply.
On top of that, it’s worth noting that Ronaldinho has in the past released other “official” tokens, having in 2018 launched Ronaldinho Soccer Coin (RSC), and later on a Solana-based token.
All of these tokens saw their prices surge shortly after launch, but then plummeted and now have little to no activity.
