Verify a decision

{"actor":"system:backfill","investigation_id":"be6f7944-4394-45ff-9345-d520127dadc7","kind":"publish","page_slug":"gempad","published_at":"2026-05-27T17:32:28.773Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"GemPad","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://iq.wiki/wiki/gempad","type":"other","url":""},{"credibility":3,"name":"https://www.bitbond.com/resources/gempad-launchpad-review/","type":"other","url":""},{"credibility":3,"name":"https://gempad.app/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://rekt.news/gempad-rekt","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-gempad-hack-december-2024","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/07a70-gem-pad-token-launchpad-exploited-2m","type":"other","url":""},{"credibility":3,"name":"https://theholycoins.com/blog/gempad-exploit-up-to-usd2-2-million-lost-to-reentrancy-vulnerability-27-projects-impacted-a","type":"other","url":""},{"credibility":3,"name":"https://howdylittlecrypto.com/gempads-december-crisis-technical-breakdown-of-the-2-2m-smart-contract-breach/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-gempad-hack-december-2024","type":"other","url":""},{"credibility":3,"name":"https://howdylittlecrypto.com/gempads-december-crisis-technical-breakdown-of-the-2-2m-smart-contract-breach/","type":"other","url":""},{"credibility":3,"name":"https://www.cyberscope.io/audits/gems","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/07a70-gem-pad-token-launchpad-exploited-2m","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://rekt.news/gempad-rekt","type":"other","url":""},{"credibility":3,"name":"https://theholycoins.com/blog/gempad-exploit-up-to-usd2-2-million-lost-to-reentrancy-vulnerability-27-projects-impacted-a","type":"other","url":""},{"credibility":3,"name":"https://x.com/MunchToken/status/1869762866066100699","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.scam-detector.com/validator/gempad-app-review/","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/gempad","type":"other","url":""},{"credibility":3,"name":"https://coinlaunch.space/launchpads/gempad/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-gempad-hack-december-2024","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/gempad-rekt","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/07a70-gem-pad-token-launchpad-exploited-2m","type":"other","url":""}]}],"sources_used":[],"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.","timeline":[{"date":"2021-08-01","event":"GemPad mainnet launches, initially on BNB Smart Chain as a no-code token launchpad","source":""},{"date":"2022-04-30","event":"GemPad and the GEMS token listed on CoinMarketCap; GEMS native token launched on BSC","source":""},{"date":"2022-12-31","event":"GEMS token ends year down approximately 78.5%, tracking broader 2022 crypto market decline","source":""},{"date":"2023-01-01","event":"Community dissatisfaction reports emerge regarding fund allocation and governance transparency; team initiates community vote","source":""},{"date":"2024-01-31","event":"GemPad releases 'Evolution Update,' expanding platform to include Linear and OTC Sales","source":""},{"date":"2024-12-17","event":"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","source":""},{"date":"2024-12-17","event":"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","source":""},{"date":"2024-12-17","event":"GemPad disables Locker service and acknowledges exploit; no compensation plan announced for affected projects","source":""},{"date":"2024-12-18","event":"Munch Protocol posts community update on X describing its own recovery plan following the GemPad incident","source":""}]},"v":1}