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GemPad

avoid.net/gempad→28/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

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
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    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

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain8 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 8 of 13 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

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

    last updated: 8/30/2026, 3:55:00 AM

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