Audit log

Every state-changing event for Quant Network: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-14 06:03:03Z
   Score: ? → ? (no score change)
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   ●mainnet-betaslot 419,629,052

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   canonical bytes (8802 B) ▸

   {"actor":"system:backfill","investigation_id":"1a8ab90d-615d-437f-911e-9003da98fe20","kind":"publish","page_slug":"quant-network","published_at":"2026-05-14T06:03:03.071Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Quant Network","sections":[{"content":"Gilbert Verdian founded Quant Network Ltd (UK Companies House #09798383, incorporated 2015). Verdian previously held roles at government agencies including the UK Treasury and Australian government. Publicly identified leadership with no anonymous team members.","heading":"Founder and Corporate Structure","severity":"low","sources":[{"credibility":1,"name":"Companies House: Quant Network Ltd","type":"regulatory","url":"https://find-and-update.company-information.service.gov.uk/company/09798383"},{"credibility":2,"name":"Gilbert Verdian Bio — Quant Network","type":"official","url":"https://www.quant.network/assets/uploads/2022/04/Gilbert_Verdian_Quant_Bio_09May22.pdf"}]},{"content":"Overledger is a closed-source, proprietary API interoperability gateway. It has been criticized for lack of open-source auditability and historically sparse public GitHub activity through 2022. Overledger Fusion (Layer 2.5) launched in May 2025.","heading":"Overledger Technology","severity":"medium","sources":[{"credibility":2,"name":"BestDapps: Top Criticisms of Quant","type":"research","url":"https://bestdapps.com/blogs/news/top-criticisms-of-quant-qnt-explained"},{"credibility":2,"name":"CoinCodeCap: Quant Network Analysis","type":"research","url":"https://coincodecap.com/quant-network"}]},{"content":"UK Regulated Liability Network involves Barclays, HSBC, Lloyds, NatWest, Nationwide, and Santander — confirmed by UK Finance and Ledger Insights. Project Rosalind with Bank of England and BIS completed successfully. UK GBTD tokenised sterling deposits pilot with six major banks active through mid-2026.","heading":"Verified Institutional Partnerships","severity":"low","sources":[{"credibility":1,"name":"UK Finance: RLN Experimentation Phase","type":"official","url":"https://www.ukfinance.org.uk/news-and-insight/press-release/uk-finance-announces-successful-outcome-regulated-liability-network"},{"credibility":2,"name":"Ledger Insights: UK Banks Join RLN Trials","type":"news_article","url":"https://ledgerinsights.com/uk-banks-join-regulated-liability-network-trials-as-r3-quant-tech-selected/"},{"credibility":2,"name":"CoinTelegraph: UK Finance Tokenised Sterling","type":"news_article","url":"https://cointelegraph.com/news/uk-finance-tokenized-sterling-deposits-barclays-hsbc-quant"},{"credibility":2,"name":"FinTech Magazine: BIS/BoE/Quant CBDC Project","type":"news_article","url":"https://fintechmagazine.com/articles/bis-quant-boe-complete-cbdc-exploration-project"}]},{"content":"Quant is widely reported as an ECB Digital Euro pioneer partner. The ECB's press release confirms ~70 organizations were selected, though Quant's name does not appear in the ECB release text directly — it is reported in trade press.","heading":"ECB Digital Euro Partnership","severity":"low","sources":[{"credibility":1,"name":"ECB: Digital Euro Innovation Platform","type":"regulatory","url":"https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.pr250505~00207689f9.en.html"}]},{"content":"No SEC enforcement actions. FINMA classifies QNT as a utility token. No FCA authorization found, but Quant collaborates with FCA-regulated banks. No court filings or fraud findings identified.","heading":"Regulatory Status","severity":"low","sources":[{"credibility":1,"name":"Companies House: Quant Network Ltd","type":"regulatory","url":"https://find-and-update.company-information.service.gov.uk/company/09798383"}]},{"content":"Hard cap of 14.6M tokens. 68% sold at ICO for ~$11M (well below $40M target). 9.5M tokens burned post-ICO. 12-month lock mechanism for developer licenses. The company retains ~2M reserve tokens with no public audit of holdings.","heading":"Token Economics","severity":"medium","sources":[{"credibility":2,"name":"BestDapps: Top Criticisms of Quant","type":"research","url":"https://bestdapps.com/blogs/news/top-criticisms-of-quant-qnt-explained"}]},{"content":"Overledger's closed-source nature limits independent security auditing. Governance is centralized under Quant Network Ltd. The developer licensing model requires payment, creating barriers to ecosystem participation.","heading":"Closed-Source and Centralization Concerns","severity":"medium","sources":[{"credibility":2,"name":"CoinCodeCap: Quant Network Analysis","type":"research","url":"https://coincodecap.com/quant-network"}]},{"content":"Active QNT airdrop and rewards impersonation scams have been documented. These are unaffiliated with Quant Network but exploit the brand.","heading":"Third-Party Scams","severity":"medium","sources":[{"credibility":2,"name":"PCrisk: Quant QNT Airdrop Scam","type":"research","url":"https://www.pcrisk.com/removal-guides/29770-quant-qnt-airdrop-scam"}]}],"sources_used":[{"credibility":1,"name":"Companies House: Quant Network Ltd","type":"regulatory","url":"https://find-and-update.company-information.service.gov.uk/company/09798383"},{"credibility":1,"name":"ECB: Digital Euro Innovation Platform","type":"regulatory","url":"https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.pr250505~00207689f9.en.html"},{"credibility":1,"name":"UK Finance: RLN Outcome","type":"official","url":"https://www.ukfinance.org.uk/news-and-insight/press-release/uk-finance-announces-successful-outcome-regulated-liability-network"},{"credibility":2,"name":"Ledger Insights: UK Banks RLN","type":"news_article","url":"https://ledgerinsights.com/uk-banks-join-regulated-liability-network-trials-as-r3-quant-tech-selected/"},{"credibility":2,"name":"CoinTelegraph: Tokenised Sterling","type":"news_article","url":"https://cointelegraph.com/news/uk-finance-tokenized-sterling-deposits-barclays-hsbc-quant"},{"credibility":2,"name":"FinTech Magazine: BIS/BoE Project","type":"news_article","url":"https://fintechmagazine.com/articles/bis-quant-boe-complete-cbdc-exploration-project"},{"credibility":2,"name":"Gilbert Verdian Bio","type":"official","url":"https://www.quant.network/assets/uploads/2022/04/Gilbert_Verdian_Quant_Bio_09May22.pdf"},{"credibility":2,"name":"BestDapps: QNT Criticisms","type":"research","url":"https://bestdapps.com/blogs/news/top-criticisms-of-quant-qnt-explained"},{"credibility":2,"name":"CoinCodeCap: Quant Network","type":"research","url":"https://coincodecap.com/quant-network"},{"credibility":2,"name":"PCrisk: QNT Airdrop Scam","type":"research","url":"https://www.pcrisk.com/removal-guides/29770-quant-qnt-airdrop-scam"}],"summary":"Quant Network (QNT) is a UK-incorporated enterprise blockchain interoperability platform built on proprietary Overledger technology. Founded by Gilbert Verdian, the company has verified partnerships with major UK banks (Barclays, HSBC, Lloyds, NatWest) through the UK Regulated Liability Network, and completed Project Rosalind with the Bank of England and BIS. No SEC enforcement actions exist. Key concerns include closed-source code limiting auditability, centralized governance, a pay-to-play developer licensing model, and some partnership announcements with limited verifiable follow-through.","timeline":[{"date":"2015-09-01","event":"Quant Network Ltd incorporated in the UK (Companies House #09798383)","source":"companies house","source_url":"https://find-and-update.company-information.service.gov.uk/company/09798383"},{"date":"2018-04-01","event":"QNT ICO raises ~$11M (below $40M target); 9.5M tokens burned post-ICO","source":"bestdapps.com","source_url":"https://bestdapps.com/blogs/news/top-criticisms-of-quant-qnt-explained"},{"date":"2023-01-01","event":"Project Rosalind with Bank of England and BIS completed","source":"fintechmagazine.com","source_url":"https://fintechmagazine.com/articles/bis-quant-boe-complete-cbdc-exploration-project"},{"date":"2024-01-01","event":"UK Regulated Liability Network experimentation phase with six major banks","source":"ukfinance.org.uk","source_url":"https://www.ukfinance.org.uk/news-and-insight/press-release/uk-finance-announces-successful-outcome-regulated-liability-network"},{"date":"2025-05-01","event":"Overledger Fusion (Layer 2.5) launched","source":"quant.network","source_url":"https://www.quant.network/"},{"date":"2025-05-05","event":"ECB Digital Euro Innovation Platform partner selection announced","source":"ecb.europa.eu","source_url":"https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.pr250505~00207689f9.en.html"},{"date":"2026-01-01","event":"UK GBTD tokenised sterling deposits pilot active with six major banks","source":"cointelegraph.com","source_url":"https://cointelegraph.com/news/uk-finance-tokenized-sterling-deposits-barclays-hsbc-quant"}]},"v":1}

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   python -m src.verify_decision b3eabf95-32a6-48f3-bef1-e27c5a932e87copy
2. #2reviewby reviewerreviewer

   2026-06-04 02:54:23Z
   Score: 68 → 68 (no score change)
   The Quant Network investigation page is broadly accurate regarding corporate structure, institutional partnerships (RLN, Project Rosalind, GBTD, ECB Digital Euro), and documented scam activity. The main weaknesses are: the BestDapps article cited for token economics claims does not actually contain the ICO figures or burn details stated; the FINMA utility token classification claim has no cited or findable source; the '68% sold at ICO for $11M' conflates the public sale with total multi-round fundraising of approximately $26M; and the CoinTelegraph GBTD source returns 404. Two cited sources (fintechmagazine.com and cointelegraph.com) returned HTTP errors, representing link rot.
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   ●mainnet-betaslot 424,157,064

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   4PrkA4JYMoT1…bCicc7hNcopyexplorer ↗

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   canonical bytes (1035 B) ▸

   {"actor":"reviewer","decided_at":"2026-06-04T02:54:23.521Z","decision":"review","investigation_id":"1a8ab90d-615d-437f-911e-9003da98fe20","new_score":68,"page_slug":"quant-network","prev_score":68,"reason":"The Quant Network investigation page is broadly accurate regarding corporate structure, institutional partnerships (RLN, Project Rosalind, GBTD, ECB Digital Euro), and documented scam activity. The main weaknesses are: the BestDapps article cited for token economics claims does not actually contain the ICO figures or burn details stated; the FINMA utility token classification claim has no cited or findable source; the '68% sold at ICO for $11M' conflates the public sale with total multi-round fundraising of approximately $26M; and the CoinTelegraph GBTD source returns 404. Two cited sources (fintechmagazine.com and cointelegraph.com) returned HTTP errors, representing link rot.","score_delta":0,"sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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   python -m src.verify_decision 75152b6b-50e3-49f7-8878-9e86ffc4bb27copy
3. #3review reviseby judgejudge

   2026-06-04 02:54:23Z
   Score: 68 → 58 (-10)
   The review found no outright disputed claims but identified three unverifiable assertions and four partially supported claims across 21 total findings, yielding a disputed percentage of approximately 14%. The most significant weaknesses are: the FINMA utility token classification in the regulatory section (claim_findings[12]) has no cited or findable source; the ICO fundraising figure (claim_findings[14]) conflates the public sale total with aggregate multi-round fundraising, understating total raised by roughly $15M; and the reserve token count (claim_findings[17]) is imprecise at approximately 2.6M versus the stated 2M. Two cited sources (fintechmagazine.com, ukfinance.org.uk primary) returned HTTP errors, though both underlying claims are confirmed through alternative sources. Two high-priority coverage gaps — on-chain QNT token holder concentration and a direct FCA register check — should be addressed to strengthen the regulatory section.
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   ●mainnet-betaslot 424,157,067

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   64zBskH1iFVx…GmyNECtGcopyexplorer ↗

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   {"actor":"judge","decided_at":"2026-06-04T02:54:23.521Z","decision":"review_revise","investigation_id":"1a8ab90d-615d-437f-911e-9003da98fe20","new_score":58,"page_slug":"quant-network","prev_score":68,"reason":"The review found no outright disputed claims but identified three unverifiable assertions and four partially supported claims across 21 total findings, yielding a disputed percentage of approximately 14%. The most significant weaknesses are: the FINMA utility token classification in the regulatory section (claim_findings[12]) has no cited or findable source; the ICO fundraising figure (claim_findings[14]) conflates the public sale total with aggregate multi-round fundraising, understating total raised by roughly $15M; and the reserve token count (claim_findings[17]) is imprecise at approximately 2.6M versus the stated 2M. Two cited sources (fintechmagazine.com, ukfinance.org.uk primary) returned HTTP errors, though both underlying claims are confirmed through alternative sources. Two high-priority coverage gaps — on-chain QNT token holder concentration and a direct FCA register check — should be addressed to strengthen the regulatory section.","score_delta":-10,"sequence_num":3,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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   python -m src.verify_decision 37005b14-3c54-45f3-bb14-0d12c238fef2copy