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 Bridge Drains 766 ETH From 1,335 Wallets

How Did A Fake Blockchain Drain 766 ETH? A fraudulent blockchain impersonating Upbit operator Dunamu’s GIWA network drained about $2 million in Ether after decentralized exchange DYORSWAP initially treated the fake network as GIWA’s mainnet. DYORSWAP said Monday that 1,335 addresses sent roughly 767.65 ETH through the fraudulent bridge before its operators withdrew 766.25 ETH. The incident differed from a typical smart contract exploit. DYORSWAP…

Fake GIWA Chain Drains $2 Million in Ether After Fooling DYORSWAP

Scammers copied GIWA's chain ID, fooled DYORSWAP with a counterfeit network and stole roughly $2 million in Ether.

DYORSWAP users tricked into sending 767 ETH to fake bridge contract

DYORSWAP users have lost a total of $2 million in ETH after a fake version of UPbit’s GIWA chain was spun up by crypto hackers.

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 […]