Fact-check findings
What an automated fact-checker found when it re-read Apyx Finance (apxUSD) against the sources the page cites. Only the most recent review is shown.
These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
disputed
2 claimsThe reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.
- #1[disputed][awaiting moderator]in section: Overview and Protocol Design
“As of the depeg event in early June 2026, the protocol had not disclosed a formal smart contract security audit in its public-facing documentation.”
reviewerAs of June 2026 the protocol had not disclosed a formal smart contract security audit.A public third-party security review predates the depeg. Whether it is linked from Apyx docs was not checked, but the claim of no audit is contradicted.Proposed correction (not yet applied)A manual code review of the apxUSD protocol by Certora (final report February 2026, published March 2, 2026) identified 11 issues, including one high-severity issue that was fixed and confirmed. - #2[disputed][awaiting moderator]in section: Novel and Untested Collateral Model
“No public smart contract audit has been identified in available sources as of the date of this investigation.”
reviewerNo public smart contract audit has been identified.Same error as in the overview section.Proposed correction (not yet applied)A public manual code review by Certora (final report February 2026) identified 11 issues, one high severity, which was fixed and confirmed.
unverifiable
3 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #4[unverifiable][awaiting moderator]in section: June 2026 Depeg Event
“The 24-hour trading range spanned $0.9094 to $0.9984 with approximately $74.6 million in trading volume.”
reviewerapxUSD reached a 24-hour low of $0.9094 on June 4 with a range up to $0.9984 and about $74.6M volume.The $0.909 low is corroborated, but the range and the $74.6M volume were not found in fetched sources. The timeline also attributes the volume to CoinDesk, which does not state it. - #7[unverifiable][awaiting moderator]in section: DeFi Ecosystem Exposure and Concentration Risk
“The protocol's overcollateralization ratio was reported to be approximately 101.2% at the time of the depeg, providing a minimal buffer.”
reviewerOvercollateralization ratio about 101.2% at the time of the depeg.The specific 101.2% figure was not found in sources I read. I did not fetch the Crypto Economy or Currency Analytics pages. - #9[unverifiable][awaiting moderator]in the timeline
“2026-02-28”
reviewerApyx launched apxUSD on Ethereum mainnet on 2026-02-28.The cited post is pre-launch and cannot confirm a Feb 28 launch date. Certora's March 2 report is consistent with a late-February launch.
partially supported
1 claimThe cited evidence supports part of the claim but not all of it.
- #3[partially supported][awaiting moderator]in section: June 2026 Depeg Event
“No large-scale liquidations were reported at the time of the depeg.”
reviewerNo large-scale liquidations were reported at the time of the depeg.Supported by the cited source but a later report shows some liquidations, so the claim is incomplete.
confirmed
3 claimsThe cited evidence supports the claim as written.
- #5[confirmed][no action needed]in section: June 2026 Depeg Event
“The protocol noted that STRC had traded below par on four prior occasions since August 2025, each followed by recovery.”
reviewerApyx quote and no remediation plan; four prior STRC below-par episodes since August 2025.The quote 'not a bug, it is the expected behavior' is also confirmed. - #6[confirmed][no action needed]in section: DeFi Ecosystem Exposure and Concentration Risk
“At the time of the June 2026 depeg, apxUSD's circulating supply was reported to be between $415 million and $476 million, making it a meaningful stablecoin by DeFi standards.”
reviewerCirculating supply $415M-$476M.Matches the cited article. - #8[confirmed][no action needed]in section: Overview and Protocol Design
“The protocol raised $3 million across two rounds — a seed round in January 2026 at a $70 million valuation and a strategic round in February 2026 at a $300 million valuation — and explicitly excluded venture capital investors by design.”
reviewerProtocol raised $3M across two rounds ($70M seed valuation in January 2026, $300M strategic valuation in February 2026) with no VCs.The Apyx blog is dated 23 Feb 2026. It is a primary source and self-reported.