Skip to main content
Sign in

Gym Network

avoid.net/gym-network→12/100·82% 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·5b9M7V…TU9D

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.

Connected Entities

1 entities
Organizations
□Gym Network
Relationships
  • + 1 more
Have evidence about Gym Network?

Timeline(11 events)

19 October 2021

GYMNET token deployed to Binance Smart Chain mainnet.

13 December 2021

gym.network domain registered.

25 March 2022

Gym Network formally launches; GYMNET token priced at $0.20 at launch. TVL reaches $13M within days.

14 April 2022

GYMNET token reaches all-time high of $1.90.

8 June 2022

$2.1 million exploit of GymSinglePool contract via depositFromOtherContract() authentication flaw. GYMNET crashes ~90% in immediate aftermath.

9 June 2022

Gym Network applies fix adding 'onlyBank' modifier to exploited function. CertiK and ImmuneBytes publish exploit analyses.

August 2022

Gym Network announces Gym Street metaverse spinoff, marketed as 'the Metaverse counterpart of Wall Street.' Introduces VBTC token.

30 December 2022

BehindMLM reports Gym Network is struggling; Gym Street NFT metaverse spinoff launched as original scheme declines.

21 April 2023

GYMNET reaches then-all-time low of approximately $0.01676.

2 January 2026

GYMNET records absolute all-time low of $0.00001987.

27 May 2026

GYMNET trading at approximately $0.004, down ~99.8% from all-time high; market cap under $500,000.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain9 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 9 of 14 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:49 AM

last updated: 8/30/2026, 5:14:13 AM

avoid.net — verified advice for a post-truth world