Skip to main content
Sign in

GemPad

avoid.net/gempad→28/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·55QwAW…1Krv

Summary

GemPad is a multi-chain no-code token launchpad and crowdfunding platform operating primarily on BNB Smart Chain, Ethereum, and Base, launched around 2021. On December 17, 2024, a reentrancy vulnerability in its LP Locker V2 smart contract was exploited across three chains, draining approximately $1.9–$2.2 million in locked liquidity from at least 27 dependent projects. Stolen funds were routed through Tornado Cash, and GemPad issued no public compensation plan for affected projects.

Connected Entities

1 entities
Organizations
□GemPad
Relationships
    Have evidence about GemPad?

    Timeline(9 events)

    2021-08-01

    GemPad mainnet launches, initially on BNB Smart Chain as a no-code token launchpad

    2022-04-30

    GemPad and the GEMS token listed on CoinMarketCap; GEMS native token launched on BSC

    2022-12-31

    GEMS token ends year down approximately 78.5%, tracking broader 2022 crypto market decline

    2023-01-01

    Community dissatisfaction reports emerge regarding fund allocation and governance transparency; team initiates community vote

    2024-01-31

    GemPad releases 'Evolution Update,' expanding platform to include Linear and OTC Sales

    2024-12-17

    Attacker (0xFDd9b0A7e7e16b5Fd48a3D1e242aF362bC81bCaa) exploits reentrancy vulnerability in GemPad LP Locker V2 across Ethereum, BNB Chain, and Base; approximately $1.9–$2.2 million drained from 27 projects including Munch Protocol, AnonFi, BPay, Nutcoin, and FOMO Network

    2024-12-17

    Stolen funds swapped to ETH and BNB; majority routed through Tornado Cash mixer, approximately 400 ETH sent from Nutcoin's drained Ethereum liquidity to Tornado Cash

    2024-12-17

    GemPad disables Locker service and acknowledges exploit; no compensation plan announced for affected projects

    2024-12-18

    Munch Protocol posts community update on X describing its own recovery plan following the GemPad incident

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:26 AM

    last updated: 5/27/2026, 5:32:28 PM

    avoid.net — verified advice for a post-truth world