Fake Ethereum L2 Chain Drains Over $2M from Users
- A fake Ethereum Layer2 chain stole approximately 766 ETH, valued at over $2 million.
- The scam affected over 1,335 users who bridged their funds to the fraudulent chain.
- The fake chain used Chain ID number “9134” and was initially identified by DYORSWAP.
- DYORSWAP has begun reimbursing affected users with over 200 ETH already distributed.
- Users criticized DYORSWAP for its role in enabling the scam, calling it a social engineering attack.
A sophisticated scheme involving a fake Ethereum Layer2 solution led to significant financial losses for over a thousand users who were deceived into bridging their funds to the fraudulent chain. The incident highlights ongoing security challenges within the cryptocurrency space, emphasizing the need for vigilance among crypto holders.
The theft of approximately 766 ETH underscores the importance of verifying project authenticity before engaging with new blockchain solutions.Source
