[Upbit: GIWA Chain Still in Testnet Phase, Users Advised to Beware of Impersonation and Fake Token Scams] Odaily Planet Daily News – South Korean cryptocurrency exchange Upbit has issued a notice stating that it has recently discovered malicious actors impersonating the GIWA blockchain project, spreading false information about the mainnet launch and digital asset issuance, and luring users into transferring assets. Upbit clarified that GIWA is an Ethereum Layer 2 network being developed by its parent company, Dunamu. Currently, it is only operating on the testnet, with the mainnet still under development and preparation, and no official launch date has been announced yet. Upbit advises users to remain vigilant against unverified information regarding the mainnet launch, token issuance, and investment opportunities. Users are urged not to trust unofficial channels that request the purchase of digital assets, fund transfers, or wallet connections. Updates on the project should be based on information released through GIWA's official website and social media channels.