$2 Million in Ether Stolen from Fake GIWA Blockchain
- Scammers stole approximately $2 million in Ether (ETH) from a fraudulent bridge associated with the fake GIWA blockchain.
- The bridge received around 767.65 ETH from over 1,300 addresses before draining approximately 766.25 ETH.
- GIWA’s developer, Dunamu, confirmed that its mainnet had not launched and warned users about false connection details circulating online.
- DYORSWAP stated that its contracts were not compromised and is tracing the source of the fraud.
- The DEX has compensated affected users with over 200 ETH from its own funds.
This incident highlights ongoing vulnerabilities within decentralized finance platforms and the importance of verifying project legitimacy before participating in transactions.
In total, scammers drained nearly all of the funds sent to the fraudulent bridge, amounting to about $2 million in stolen ETH.
