GemPad
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 28 → 54. Problems weighed by who is responsible: concerns that are not fraud −12.8, incidents the subject suffered −3.2, problems around the subject, caused by others −0.8; legitimacy credit long-running +6. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -12.8 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -0.8 |
| Long-running | +6 |
| Sum | 54 |
Score: 54/100 (kept between 0 and 100)
How scoring works →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
9 entities · 60 linked investigations- Fomo (fomo.family)→mentioned with→Polygon(70%)
- Fomo (fomo.family)→mentioned with→Uniswap(60%)
- Fomo (fomo.family)→mentioned with→Base(70%)
- Fomo (fomo.family)→mentioned with→Solana(70%)
- Binance→mentioned with→Ethereum(65%)
- GemPad→mentioned with→Fomo (fomo.family)(70%)
- GemPad→mentioned with→Binance(70%)
- Uniswap→mentioned with→Ethereum(80%)
- GemPad→mentioned with→Ethereum(80%)
- GemPad→mentioned with→Solana(60%)
- + 13 more
Connected Through
9 shared actors · 541 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □Binanceorganization
- □Solanaorganization
- ⌂Uniswapprotocol
Timeline(9 events)
August 2021
GemPad mainnet launches, initially on BNB Smart Chain as a no-code token launchpad
30 April 2022
GemPad and the GEMS token listed on CoinMarketCap; GEMS native token launched on BSC
31 December 2022
GEMS token ends year down approximately 78.5%, tracking broader 2022 crypto market decline
2023
Community dissatisfaction reports emerge regarding fund allocation and governance transparency; team initiates community vote
31 January 2024
GemPad releases 'Evolution Update,' expanding platform to include Linear and OTC Sales
17 December 2024
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
17 December 2024
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
17 December 2024
GemPad disables Locker service and acknowledges exploit; no compensation plan announced for affected projects
18 December 2024
Munch Protocol posts community update on X describing its own recovery plan following the GemPad incident
Decision Log
- slot 455367078 · hash 2oavHP2jQWsXxyMQMDSoGdUY9qFqfqo7aZVVBzkvE6wH
- slot 422548209 · hash 6jnxEXugNoM7kGmepZz5vBaD2EG8oKqUJJSWZby3dS58
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 8 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:26 AM
last updated: 10/10/2026, 6:47:08 PM
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