Scammers Steal $2M in ETH as Fake GIWA Network Fools DYORSWAP

Scammers Steal $2M in ETH as Fake GIWA Network Fools DYORSWAP

Scammers stole about $2 million in ETH through a fake GIWA network after DYORSWAP initially mistook the fraudulent blockchain for GIWA’s mainnet.

Fake GIWA Layer 2 Network Drains 766 ETH From Wallets

A fraudulent Ethereum Layer 2 network impersonating the unreleased GIWA mainnet drained about 766 ETH from 1,335 wallets before the scheme was identified, according to reports. The attackers created a functioning counterfeit blockchain that included a cross-chain bridge, a transaction batcher, and compatibility with the OP Stack. Community estimates placed the total losses at close […]

CoinStats - Scammers steal $2M in ETH as fake GIWA networ...

DYORSWAP said it paid more than 200 ETH in compensation, while Upbit operator Dunamu’s GIWA warned that its mainnet had not launched.Scammers stole about $2 million in Ether (ETH) from a bridge for a fake GIWA blockchain that decentralized exchange (DEX) DYORSWAP said it initially mistook for the project’s mainnet.In a reconstruction published Monday, DYORSWAP said the fraudulent bridge received about 767.65 ETH from 1,335 addresses. The scammer…

Crypto scammers built an entire fake blockchain to steal over $2 million

Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it. The fake network appeared to be GIWA’s anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the […]

Fake GIWA Network Drains 766 ETH in Layer 2 Scam

A fraudulent Ethereum Layer 2 network impersonating GIWA drained about 766.25 ETH, worth roughly $2 million, after 1,335 addresses transferred about 767.65 ETH through a ...