To assess a cryptocurrency project's security and technical risks, start by reviewing its whitepaper for clarity on technology, consensus mechanisms, and security protocols. Examine the codebase on platforms like GitHub for quality, regular updates, and community activity. Check for third-party audits from reputable firms to identify vulnerabilities. Investigate the team’s experience and track record in blockchain development. Analyze the project’s smart contracts for bugs or exploits, especially if decentralized. Assess network security by looking at hash rate, node distribution, and past attacks. Research community feedback on platforms like X for real-world insights. Finally, evaluate governance and tokenomics for centralization risks or economic flaws that could impact stability. Cross-reference findings with web searches for news on hacks or controversies. A thorough, multi-angle approach minimizes oversight and highlights red flags effectively.