Fake GIWA Layer 2 Network Drains 766 ETH in Sophisticated Crypto Scam

Key Facts

1Attackers used a fake Layer 2 network impersonating the GIWA project to drain over 766 ETH.

2DYORSWAP announced a compensation process for affected users and has already distributed over 200 ETH.

Attackers used a fake Layer 2 network impersonating the GIWA project to drain over 766 ETH from crypto traders. Bitcoin.com reported that the scammers exploited the reputation of the Upbit-backed project to steal approximately $2 million through a malicious bridge using Chain ID 9134. According to TokenPost, the DYORSWAP platform announced a compensation process for affected users and has already distributed over 200 ETH from its own funds.

The legitimate GIWA project clarified that its official mainnet is not currently live, warning against claims that its RPC information had become available. This incident occurred, though reports indicate ongoing efforts to trace the fraudulent network's funding sources and the destination of stolen funds. The scam involved sophisticated infrastructure, including a bridge and a batcher designed to mimic real network operations.