Useful capabilities, with meaningful limitations to understand.
Mizar cannot be described accurately as its historical C-Mizar CEX bot. Current pages present wallet-based DEX automation, Telegram execution, copy trading and DCA across several chains, while official announcement records document the CEX shutdown and a broader wind-down notice. Riven Trust therefore keeps the current on-chain scope Under Review rather than declaring it active or wholly discontinued without firmer confirmation.
Key handling is described at a high level while signing, recovery and shutdown controls remain unclear.
The product transition is visible, but current legal and lifecycle scope is unresolved.
Historical funding and operation exist; 2026 shutdown notices materially weaken continuity.
DEX routing, Telegram, DCA, copy and volatility tools are broad if currently available.
Telegram and web workflows target accessible execution.
Fee ranges are published but route and availability details need confirmation.
Current support and withdrawal/wind-down handling are uncertain.
AI, speed and routing marketing lacks independent outcome evidence.
What this score means It evaluates the product and available evidence. It does not predict returns or eliminate trading risk.
Trust profile
Thirteen disclosed factors create the calculated Trust Score.
MZR Inc. and a CEO were identified in company-authored material.
Factor score: 62/100A current contracting entity and registry record were not established.
Factor score: 38/100Named leadership exists, but current operating responsibility is unclear.
Factor score: 60/100Verified CEX shutdown and broader wind-down announcements create continuity risk.
Factor score: 52/100Fee ranges are public; current execution availability is not.
Factor score: 64/100Private-key storage and signing controls are not described deeply enough.
Factor score: 40/100The current risk boundary is wallet signing rather than a conventional exchange API.
Factor score: 45/100CEX withdrawal scopes do not represent wallet transaction authority.
Factor score: 40/100Product pages exist, but lifecycle and key documentation are incomplete.
Factor score: 56/100Speed and AI benefit are not independently verified.
Factor score: 12/100Wind-down communications create uncertainty about ongoing support.
Factor score: 34/100No qualifying security incident was identified; service wind-down is a lifecycle issue.
Factor score: 48/100Current operator jurisdiction and regulatory position are unclear.
Factor score: 34/100Red flags & concerns
Context that should inform—not replace—your own assessment.
Live DEX pages conflict with an official broader shutdown announcement.
Encrypted provider-handled private keys or signing authority may authorize on-chain transactions and cannot be evaluated as a no-withdrawal CEX key.
What we verified
Checks completed during the latest research cycle.
Mizar product and safety research
Company, product, permission and regulatory evidence reviewed separately.
Is Mizar legit?
Named leadership and historical product evidence exist, but lifecycle conflict and incomplete current legal/key documentation prevent a normal Active assessment.
MZR Inc. and named leadership appear in earlier product material, but current contracting and operating continuity remain under review.
Operator and legal sources: Mizar privacy policy (Primary)
Is Mizar safe?
On-chain automation replaces exchange API scopes with wallet and signing authority. Smart contracts, approvals, routing, slippage, MEV, gas and key recovery create distinct risks.
How Mizar works
A user connects or creates a wallet, then uses web or Telegram interfaces to route DEX swaps and automate DCA, copy or volatility strategies across supported chains.
Trading bots and automation features
The current-facing product advertises web and Telegram DEX routing, DCA, copy trading and volatility automation. Historical CEX bot descriptions are not treated as current features.
Supported exchanges
Ethereum DEXs, Solana DEXs, Base DEXs, BNB Chain DEXs
Pricing
Pricing last checked on 2026-08-20. Check the provider's current pricing before purchase.
The product advertises percentage trading fees, generally 0.5% to 1%. Users should confirm whether routes are live and how network gas, priority fees and slippage apply.
Pricing source: no dedicated source in the current evidence set; see the full source list and stated limitations below.
Custody model
Mizar calls the service non-custodial while also describing encrypted private-key handling. Users need direct confirmation of key generation, storage, export, recovery and transaction approval boundaries.
Security
Mizar's current wallet architecture is not directly comparable with trade-only exchange APIs. Users need explicit answers about key custody, signing, recovery, approvals and shutdown access.
Use a separate low-value wallet, inspect approvals and transactions, minimize allowances, keep gas reserves, account for MEV/slippage and know how to revoke permissions or export assets.
API and withdrawal permissions
The current product uses wallet/private-key or signing authority rather than a conventional CEX trade-only API key. Public pages say keys are encrypted and protected by 2FA. Withdrawal status: Not applicable to CEX API scope; wallet signing authority can authorize on-chain transactions and must be assessed separately.
Security and permission sources: Mizar application wallet research route (Primary) · Mizar Telegram bot (Primary)
Regulatory information
Current terms did not provide enough evidence to establish the operating entity's jurisdiction or regulatory status. DEX access and tokens remain jurisdiction-specific.
Regulatory and service-scope sources: no dedicated source in the current evidence set; see the full source list and stated limitations below.
Performance evidence
AI, speed and routing marketing lacks independent outcome evidence.
Claim verification
Source, claim type, evidence, status and analyst note are shown separately.
“Four chains and more than ten DEXs”
- Company source
- Open original claim
- Checked
- August 20, 2026
- What we found
- The current site names Ethereum, Solana, Base and BNB Chain and advertises multi-DEX routing.
- Analyst conclusion
- Public pages establish the claim; live venue availability was not independently tested.
“Non-custodial with encrypted keys and 2FA”
- Company source
- Open original claim
- Checked
- August 20, 2026
- What we found
- The provider uses both descriptions, but detailed key-generation, recovery and signing boundaries are not public.
- Analyst conclusion
- Non-custodial labeling does not mean keys remain exclusively client-side.
“AI-powered research and fast execution”
- Company source
- Open original claim
- Checked
- August 20, 2026
- What we found
- AI tools and routing are advertised without independent latency or outcome data.
- Analyst conclusion
- Feature labels and speed marketing are not performance assurance.
Security incident history
Documented events and bounded public-source checks, with entity scope preserved.
Public incident-record check
No qualifying product-wide credential or asset-loss incident was identified in the reviewed primary records.
- Provider response / research note
- This is not proof that no user-level incident occurred; users should still monitor releases, credentials and provider notices.
Strengths & limitations
Strengths
On-chain architecture diversity
Telegram and web workflows
Current pages separate from historical CEX product
Limitations
–Conflicting lifecycle evidence
–Private-key boundary unclear
–Operator/legal evidence incomplete
–AI and speed claims unverified
Who may find it useful
Researchers comparing on-chain automation models
Experienced wallet users who can independently verify availability
Who should look elsewhere
–You need confirmed ongoing service
–You cannot isolate wallet authority
–You expect historical CEX features
Mizar alternatives and comparisons
Alternatives are selected for overlapping workflows, with the main distinction shown.
Frequently asked questions
Is Mizar discontinued?+
Its historical C-Mizar CEX product was shut down. The later on-chain pages remain public, but a broader wind-down notice makes current service status Under Review.
Does Mizar use exchange API keys?+
The current on-chain model instead uses wallet/private-key or signing authority, which has a different risk model.
Is Mizar non-custodial?+
The provider uses that term while also describing encrypted keys; public evidence is insufficient to establish that private keys remain exclusively client-side.
Sources & evidence
Company-provided information is labeled and not treated as independent validation. Research coverage: 4/9; evidence confidence: Limited.
- [01]Primary · Official WebsiteMizar current product
Mizar · Accessed August 20, 2026 · Last checked 2026-08-20
- [02]Primary · DocumentationMizar application wallet research route
Mizar · Accessed August 20, 2026 · Last checked 2026-08-20
- [03]
- [04]Primary · OtherMizar announcement archive
Mizar · Accessed August 20, 2026 · Last checked 2026-08-20
Archive of official channel announcements used for lifecycle evidence - [05]Primary · NewsOn-chain expansion announcement
MZR Inc. · Accessed August 20, 2026 · Last checked 2026-08-20
- [06]Primary · Privacy PolicyMizar privacy policy
Mizar · Accessed August 20, 2026 · Last checked 2026-08-20
Research changelog
Conclusions may change when new evidence appears.
Reviewed current status, architecture, security, pricing, operator evidence, documentation and material claims.
Mizar: 50/100
Mizar cannot be described accurately as its historical C-Mizar CEX bot. Current pages present wallet-based DEX automation, Telegram execution, copy trading and DCA across several chains, while official announcement records document the CEX shutdown and a broader wind-down notice. Riven Trust therefore keeps the current on-chain scope Under Review rather than declaring it active or wholly discontinued without firmer confirmation.
Research disclaimer This review is informational and not financial, investment, legal or security advice. Scores evaluate disclosed product qualities and evidence—not profitability, solvency or safety. Features, prices and eligibility can change.
No active affiliate relationships or compensated outbound links are configured. Any future commercial relationship will be disclosed and will not affect scores or conclusions. Read our policy.