Coin Bureau
Coin Bureau|Sep 28, 2026 05:38
This takes DECEPTION to whole new level. Scammers just pulled over $2 MILLION by creating a FAKE GIWA blockchain and tricking users into sending more than 766 ETH through a fraudulent bridge. GIWA is a legitimate Ethereum L2 connected to Upbit. Its mainnet had been teased, but had NOT launched. Scammers exploited that anticipation by copying GIWA’s Chain ID, 9134, and setting up a working RPC and fake bridge. Users could connect wallets and transact, making everything appear legitimate while real assets flowed into scammer-controlled infrastructure. DYOR Swap’s listing of the fake chain added to its apparent credibility. The team now says it is preparing to use treasury funds to compensate affected users, with details pending investigation and verification. A working network can still be a scam. Check official launch announcements, RPC details, and bridge addresses.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads