Verify a decision

{"actor":"system:backfill","investigation_id":"2cbedb3b-fc9d-4d7f-a309-9ad7f595ca40","kind":"publish","page_slug":"gym-network","published_at":"2026-05-27T18:18:14.439Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Gym Network","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-network-review-bnb-to-gymnet-token-ponzi-scheme/","type":"other","url":""},{"credibility":3,"name":"https://bscscan.com/token/0x3a0d9d7764fae860a659eb96a500f1323b411e68","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/gym-network","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-network-review-bnb-to-gymnet-token-ponzi-scheme/","type":"other","url":""},{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-street-review-gym-network-metaverse-nft-spinoff/","type":"other","url":""},{"credibility":3,"name":"http://onecoin.forumprofi.de/Thread-Tobias-Rethaber-Claudio-Catrini-OneCoin-Vertriebscoaching","type":"other","url":""},{"credibility":3,"name":"https://www.claudio-catrini.de/en/home/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-network-review-bnb-to-gymnet-token-ponzi-scheme/","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/gym-network","type":"other","url":""},{"credibility":3,"name":"https://www.scam-detector.com/validator/gym-network-review/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://chainzoom.substack.com/p/21-million-hack-on-gym-network","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/4JIb87rize9zsgO7b86cJ1-gym-network-exploit-analysis","type":"other","url":""},{"credibility":3,"name":"https://immunebytes.com/blog/gym-network-protocol-security-breach-june-8-2022-detailed-analysis/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-street-review-gym-network-metaverse-nft-spinoff/","type":"other","url":""},{"credibility":3,"name":"https://bsc.news/post/gym-street-acquires-japanese-kabutoucho-metaverse-expanding-ecosystem-and-experience","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coingecko.com/en/coins/gym-network","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/gym-network/","type":"other","url":""},{"credibility":3,"name":"https://bscscan.com/token/0x0012365f0a1e5f30a5046c680dcb21d07b15fcf7","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://behindmlm.com/mlm-reviews/gym-network-review-bnb-to-gymnet-token-ponzi-scheme/","type":"other","url":""},{"credibility":3,"name":"https://ssb.texas.gov/news-publications/securities-commissioner-warns-investors-about-mlm-crypto-investment-schemes","type":"other","url":""}]}],"sources_used":[],"summary":"Gym Network (GYMNET) is a Binance Smart Chain-based DeFi protocol launched in March 2022 that operates an affiliate investment scheme with hallmarks of a Ponzi structure, requiring continuous recruitment to sustain promised returns of up to 250% annually. The project was founded by Claudio Catrini, who has prior involvement in the OneCoin fraud, and suffered a $2.1 million smart contract exploit in June 2022. The GYMNET token has declined approximately 99.8% from its all-time high of $1.90 to under $0.004 as of 2026.","timeline":[{"date":"2021-10-19","event":"GYMNET token deployed to Binance Smart Chain mainnet.","source":""},{"date":"2021-12-13","event":"gym.network domain registered.","source":""},{"date":"2022-03-25","event":"Gym Network formally launches; GYMNET token priced at $0.20 at launch. TVL reaches $13M within days.","source":""},{"date":"2022-04-14","event":"GYMNET token reaches all-time high of $1.90.","source":""},{"date":"2022-06-08","event":"$2.1 million exploit of GymSinglePool contract via depositFromOtherContract() authentication flaw. GYMNET crashes ~90% in immediate aftermath.","source":""},{"date":"2022-06-09","event":"Gym Network applies fix adding 'onlyBank' modifier to exploited function. CertiK and ImmuneBytes publish exploit analyses.","source":""},{"date":"2022-08-01","event":"Gym Network announces Gym Street metaverse spinoff, marketed as 'the Metaverse counterpart of Wall Street.' Introduces VBTC token.","source":""},{"date":"2022-12-30","event":"BehindMLM reports Gym Network is struggling; Gym Street NFT metaverse spinoff launched as original scheme declines.","source":""},{"date":"2023-04-21","event":"GYMNET reaches then-all-time low of approximately $0.01676.","source":""},{"date":"2026-01-02","event":"GYMNET records absolute all-time low of $0.00001987.","source":""},{"date":"2026-05-27","event":"GYMNET trading at approximately $0.004, down ~99.8% from all-time high; market cap under $500,000.","source":""}]},"v":1}