← Fomo (fomo.family)reviewed 2026-10-02 · 44 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Fomo (fomo.family) against the sources the page cites. Only the most recent review is shown.
Read this first
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
5 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 the summary
“FOMO Labs, Inc. of San Francisco”
reviewerFOMO Labs, Inc. is headquartered in San FranciscoThe company's own launch press release is datelined New York, NY, not San Francisco. Some secondary review sites loosely describe Fomo as a 'San Francisco' startup, but the primary corporate source says New York.Proposed correction (not yet applied)FOMO Labs, Inc. of New York - #2[disputed][awaiting moderator]in section: Company Overview and Founders
“headquartered in San Francisco”
reviewerFOMO Labs, Inc. is headquartered in San FranciscoSame defect as the summary. Neither cited source (TechCrunch, CryptoRank) actually states a San Francisco HQ; the company's own press release says New York.Proposed correction (not yet applied)headquartered in New York - #4[disputed][awaiting moderator]in section: Company Overview and Founders
“Additional team members are reported to have backgrounds at Uniswap, OpenSea, Square, and Two Sigma.”
reviewerAdditional team members have backgrounds at Uniswap, OpenSea, Square, and Two SigmaThe official launch announcement (syndicated on Yahoo Finance from a PR Newswire release) lists Google, not Two Sigma, among team backgrounds. No source located mentions Two Sigma.Proposed correction (not yet applied)Additional team members are reported to have backgrounds at Uniswap, OpenSea, Square, and Google. - #43[disputed][awaiting moderator]in the timeline
“Exact date of publication not specified; listed as discovered prior to investigation.”
reviewerPCRisk's publication date for the claim-fomo[.]family analysis is not specifiedThe page claims the publication date is unspecified, but the cited PCRisk article carries a clear May 9, 2025 byline date. The date field (timeline[4].date, currently just "2025") should also be corrected — see linked finding.Proposed correction (not yet applied)Published May 9, 2025, per the PCRisk article's byline date. - #44[disputed][awaiting moderator]in the timeline
“2025”
reviewerTimeline date for the PCRisk phishing-site documentation entryThe stored date field is a bare year ("2025") when a specific day-level date (2025-05-09) is available from the cited source itself. Companion fix to the event-text finding in this same defect group.Proposed correction (not yet applied)2025-05-09
unverifiable
6 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #11[unverifiable][awaiting moderator]in section: Funding and Investor Backing
“The company bypassed a traditional seed round entirely.”
reviewerThe company bypassed a traditional seed round entirelyConsistent with the reported funding history (pre-seed directly to Series A) but no source explicitly frames this as 'bypassing' a seed round. - #20[unverifiable][awaiting moderator]in section: Product and Business Model
“A 10% fee discount is available via referral codes.”
reviewerA 10% fee discount is available via referral codesCould not independently locate the specific 10% referral discount figure in any source fetched. - #26[unverifiable][awaiting moderator]in section: Wallet Architecture and Security
“No known security breach or hack of the platform has been reported as of April 2026.”
reviewerNo known security breach or hack of the platform has been reported as of April 2026A negative claim about absence of a breach cannot be fully confirmed; no contradicting report was found in searches covering through September 2026. - #29[unverifiable][awaiting moderator]in section: User Complaints and Platform Risks
“inaccurate PnL and portfolio analytics (one user reported the app displaying $124 gain on an actual $50 gain)”
reviewerOne user reported the app displaying a $124 gain on an actual $50 gainThe general complaint category (inaccurate PnL display) is corroborated by current App Store reviews; the specific dollar figures could not be independently verified. - #32[unverifiable][awaiting moderator]in section: User Complaints and Platform Risks
“frequent app freezing and lag during high-traffic periods”
reviewerFrequent app freezing and lag during high-traffic periodsCould not independently corroborate this specific complaint in the sources fetched, though it is plausible for a high-traffic consumer app. - #38[unverifiable][awaiting moderator]in section: Other FOMO-Named Projects: Brief Notes
“its CoinMarketCap-listed price stands at approximately $0.00000079 USD with no reported trading volume at time of investigation, indicating negligible market activity”
reviewerfomo.fund (CoinMarketCap-listed) trades at approximately $0.00000079 with no reported trading volumeNot independently re-fetched during this review; plausible given the token's general obscurity, but not separately confirmed.
stale
3 claimsThe claim was accurate when written but events since have overtaken it.
- #8[stale][awaiting moderator]in the summary
“backed by $19 million in funding led by Benchmark Capital”
reviewerFomo raised a total of $19 million in funding, led by Benchmark Capital$19M was accurate as of the November 2025 Series A, but a $75M Series B led by Index Ventures closed in June 2026, bringing total funding to roughly $94M. The page's framing as a current total is now out of date.Proposed correction (not yet applied)backed by $94 million in total funding, including a Series A led by Benchmark Capital and a June 2026 Series B led by Index Ventures - #9[stale][awaiting moderator]in section: Funding and Investor Backing
“Fomo raised a total of $19 million across two rounds.”
reviewerFomo raised a total of $19 million across two roundsSame underlying defect as the summary funding figure: superseded by a June 2026 Series B.Proposed correction (not yet applied)Fomo raised a total of $19 million across two rounds as of November 2025; a $75 million Series B led by Index Ventures in June 2026 subsequently brought total funding to approximately $94 million. - #28[stale][awaiting moderator]in section: User Complaints and Platform Risks
“The app holds an average App Store rating of approximately 4.6 out of 5 from several hundred reviews as of early 2026.”
reviewerApp Store rating is approximately 4.6/5 from several hundred reviews as of early 20264.6/several-hundred was plausibly accurate at an earlier snapshot (one review site cited 4.6/698+ reviews), but the live App Store page now shows materially higher rating and review count, reflecting rapid user growth since the page's sources were captured.Proposed correction (not yet applied)The app holds an average App Store rating of approximately 4.8 out of 5 from over 23,000 reviews as of October 2026.
partially supported
1 claimThe cited evidence supports part of the claim but not all of it.
- #7[partially supported][awaiting moderator]in the summary
“the platform operates on Solana, Base, and BNB Chain with a non-custodial wallet architecture”
reviewerThe platform operates on Solana, Base, and BNB ChainNot wrong, but incomplete: the summary omits Monad even though two body sections of the same page state the app supports Solana, Base, BNB Chain, and Monad.
confirmed
29 claimsThe cited evidence supports the claim as written.
- #3[confirmed][no action needed]in section: Company Overview and Founders
“The company was co-founded by Paul Erlanger and Se Yong Park, both former employees of the decentralized derivatives exchange dYdX.”
reviewerFomo was co-founded by Paul Erlanger and Se Yong Park, both former dYdX employeesDirectly supported by the cited TechCrunch article. - #5[confirmed][no action needed]in section: Company Overview and Founders
“The app launched in May 2025 with a mobile-first design targeting retail crypto investors.”
reviewerFomo app launched in May 2025Confirmed by TechCrunch and the original May 6, 2025 launch press release. - #6[confirmed][no action needed]in section: Company Overview and Founders
“multi-chain execution across Solana, Base, BNB Chain, and Monad”
reviewerFomo executes trades across Solana, Base, BNB Chain, and MonadMonad support is independently confirmed by the QuickNode builders guide, which is already in the page's sources_used list but was not cited inline for this specific claim. - #10[confirmed][no action needed]in section: Funding and Investor Backing
“The first round was a pre-seed of $2 million sourced from over 140 angel investors drawn from an original target list of 200. Notable angels include Raj Gokal (co-founder of Solana), Marc Boiron (CEO of Polygon Labs), and Balaji Srinivasan (former Coinbase CTO).”
reviewerPre-seed round: $2 million from 140+ angel investors drawn from a target list of 200, including Raj Gokal, Marc Boiron, and Balaji SrinivasanFigures and named investors confirmed by multiple independent funding trackers. - #12[confirmed][no action needed]in section: Funding and Investor Backing
“In November 2025, Benchmark Capital led a $17 million Series A, with Benchmark partner Chetan Puttagunta taking a board seat.”
reviewerBenchmark Capital led a $17 million Series A in November 2025; Chetan Puttagunta joined the boardMultiple independent outlets (TechCrunch, The Block, Pulse2, Ventureburn) consistently report this round and date. - #13[confirmed][no action needed]in section: Funding and Investor Backing
“its prior crypto bets include Chainalysis and Toncoin”
reviewerBenchmark's prior crypto bets include Chainalysis and ToncoinBoth prior investments independently confirmed. - #14[confirmed][no action needed]in section: Funding and Investor Backing
“The Series A was reported by TechCrunch and corroborated by Yahoo Finance and multiple crypto news outlets.”
reviewerThe Series A was reported by TechCrunch and corroborated by Yahoo Finance and multiple crypto news outletsConfirmed; also corroborated by The Block, Pulse2, Ventureburn, and others not cited on the page. - #15[confirmed][no action needed]in section: Funding and Investor Backing
“At the time of the Series A announcement, the company reported approximately 120,000 users, $20-40 million in daily trading volume, and $150,000 in daily revenue.”
reviewerAt the Series A announcement, Fomo reported ~120,000 users, $20-40M daily volume, and $150,000 daily revenueFigures match the TechCrunch article exactly, and the claim is correctly scoped to the Series A announcement date rather than presented as current. - #16[confirmed][no action needed]in section: Regulatory Status and Licensing
“The platform carries no known registration with FinCEN as a Money Services Business (MSB), no state Money Transmitter Licenses (MTL), and no oversight from the SEC, CFTC, or any equivalent body.”
reviewerFomo carries no FinCEN MSB registration, no state MTLs, and no SEC/CFTC oversightConfirmed by both cited review sources; no independent source was found contradicting the unregulated characterization. - #17[confirmed][no action needed]in section: Regulatory Status and Licensing
“No regulatory actions, enforcement proceedings, or sanctions against Fomo or FOMO Labs, Inc. were found as of the investigation date.”
reviewerNo regulatory actions, enforcement proceedings, or sanctions against Fomo or FOMO Labs, Inc. were foundIndependent searches for SEC/CFTC/FinCEN action against Fomo or FOMO Labs, Inc. turned up nothing as of October 2026, consistent with the claim. - #18[confirmed][no action needed]in section: Product and Business Model
“Fee structure: a flat $1 fee per trade (alternatively described in some sources as 0.50% with a $0.95 minimum).”
reviewerFee structure is a flat $1 fee per trade, alternatively described as 0.50% with a $0.95 minimumThe page appropriately hedges: official/press sources describe 0.5%+$0.95 minimum, while end users colloquially describe it as roughly a flat $1. Both descriptions are independently sourced. - #19[confirmed][no action needed]in section: Product and Business Model
“The platform covers blockchain gas fees for users.”
reviewerThe platform covers blockchain gas fees for usersConfirmed. - #21[confirmed][no action needed]in section: Product and Business Model
“Metrics reported as of November 2025: over $1.52 billion in cumulative volume, $5.16 million in fees collected, 3.47 million transactions, and 55,000+ lifetime active users per one review source.”
reviewerMetrics as of November 2025: $1.52B cumulative volume, $5.16M fees collected, 3.47M transactions, 55,000+ lifetime active usersFigures confirmed as accurate for the November 2025 snapshot; the page correctly flags them as unverified-on-chain and date-scoped, so this is not misleading, though now dated (see coverage_gaps). - #22[confirmed][no action needed]in section: Wallet Architecture and Security
“Private keys are managed using Shamir's Secret Sharing — split into multiple cryptographic shares such that no single party, including FOMO Labs, Inc., can reconstruct the full key. Key reassembly occurs only within Trusted Execution Environments (TEEs) during transaction signing.”
reviewerPrivate keys are split via Shamir's Secret Sharing and reassembled only inside TEEs during signingDirectly supported by the official source, though this is a company self-description, not independently audited. - #23[confirmed][no action needed]in section: Wallet Architecture and Security
“EVM chains use ERC-4337 account abstraction standard smart contract wallets.”
reviewerEVM chains use ERC-4337 account abstraction smart contract walletsConfirmed. - #24[confirmed][no action needed]in section: Wallet Architecture and Security
“biometric verification (FaceID) is required for app access, withdrawals, and private key exports”
reviewerBiometric verification (FaceID) is required for app access, withdrawals, and private key exportsConfirmed. - #25[confirmed][no action needed]in section: Wallet Architecture and Security
“No hardware wallet integration is supported.”
reviewerNo hardware wallet integration is supportedConfirmed by an independent third-party explainer. - #27[confirmed][no action needed]in section: Wallet Architecture and Security
“No independent third-party security audits of the wallet architecture, smart contracts, or the application itself have been publicly disclosed.”
reviewerNo independent third-party security audits of the wallet architecture, smart contracts, or app have been publicly disclosedNo audit announcement was located in any source consulted, consistent with the claim. - #30[confirmed][no action needed]in section: User Complaints and Platform Risks
“an unclear selling and withdrawal process with some users reporting inability to withdraw to bank accounts”
reviewerSome users report an unclear withdrawal process and inability to withdraw to bank accountsConfirmed by current App Store reviews. - #31[confirmed][no action needed]in section: User Complaints and Platform Risks
“absence of advanced order types including take-profit, stop-loss, and trailing stop-loss”
reviewerAbsence of advanced order types including take-profit, stop-loss, and trailing stop-lossConfirmed by both the cited review and current App Store user feedback. - #33[confirmed][no action needed]in section: User Complaints and Platform Risks
“At least one third-party review rates the overall platform as 'High-Risk Project — Not Recommended,' citing the unregulated status and focus on volatile assets.”
reviewerAt least one third-party review rates the platform as 'High-Risk Project — Not Recommended'Exact quote verified. - #34[confirmed][no action needed]in section: Impersonation Scam: Claim-Fomo Wallet Drainer
“The fraudulent domain 'claim-fomo[.]family' (serving IP 104.21.18.15) mimics the visual design of the official fomo.family site and falsely advertises a token airdrop or eligibility check.”
reviewerclaim-fomo[.]family (IP 104.21.18.15) mimics fomo.family and runs a wallet-drainer via a fake eligibility checkConfirmed against the cited PCRisk analysis. - #35[confirmed][no action needed]in section: Impersonation Scam: Claim-Fomo Wallet Drainer
“The scam was flagged by G-Data as a phishing operation.”
reviewerThe scam was flagged by G-Data as a phishing operationConfirmed. - #36[confirmed][no action needed]in section: Impersonation Scam: Claim-Fomo Wallet Drainer
“broad industry context shows wallet drainers collectively stole approximately $494 million from victims in 2024, a 67% year-over-year increase”
reviewerWallet drainers collectively stole approximately $494 million in 2024, a 67% year-over-year increaseConfirmed by multiple independent security-industry reports (Scam Sniffer data syndicated widely). - #37[confirmed][no action needed]in section: Other FOMO-Named Projects: Brief Notes
“FOMOSolana reached an all-time high of $3.51 in November 2023 and is currently trading approximately 99.99% below that peak, consistent with a collapsed memecoin.”
reviewerFOMOSolana reached an ATH of $3.51 in November 2023 and is now ~99.99% below that peakVerified directly against live CoinMarketCap data. - #39[confirmed][no action needed]in the timeline
“Fomo (fomo.family) closes $2 million pre-seed round with over 140 angel investors including Raj Gokal, Marc Boiron, and Balaji Srinivasan.”
reviewerFomo closed a $2 million pre-seed round with 140+ angel investors on 2025-02-18Date and figures confirmed by an independent funding tracker. - #40[confirmed][no action needed]in the timeline
“Fomo app officially launches to the public on iOS and Android.”
reviewerFomo app officially launched to the public on iOS and Android in May 2025Confirmed. - #41[confirmed][no action needed]in the timeline
“Apple Pay support added approximately one month after launch, described by founders as accelerating revenue to $150,000 per week and $3 million in daily volume.”
reviewerApple Pay added about a month after launch, accelerating revenue to $150,000/week and $3M daily volumeConfirmed. - #42[confirmed][no action needed]in the timeline
“Benchmark Capital leads $17 million Series A in FOMO Labs, Inc., bringing total funding to $19 million. Benchmark partner Chetan Puttagunta joins the board.”
reviewerBenchmark Capital led $17M Series A on 2025-11-06, bringing total funding to $19M; Chetan Puttagunta joined the boardThis entry is correctly dated as of its own announcement; it is the total-funding figure elsewhere on the page (now stale after the June 2026 Series B) that needs updating, not this historical entry.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.