Home›Crypto›Altcoins›Scammers drain about $2M in ETH from fake GIWA bridge

Scammers drain about $2M in ETH from fake GIWA bridge

DYORSWAP said the fraudulent bridge got 767.65 ETH from 1,335 addresses before 766.25 ETH was drained.

Reported · Written up by our desk · Altcoins

Scammers stole about $2 million worth of Ether (ETH) from a bridge tied to a fake GIWA blockchain, which the decentralized exchange DYORSWAP initially mistook for the project’s mainnet, Cointelegraph reports. The reconstruction published Monday said the fraudulent bridge received about 767.65 ETH from 1,335 addresses, and that 766.25 ETH was drained.

DYORSWAP said it paid more than 200 ETH in compensation after the incident. Cointelegraph reports GIWA, an Ethereum layer-2 network developed by Upbit operator Dunamu, said its mainnet had not launched and that purported mainnet connection details circulating online were false.

Cointelegraph also noted that Dunamu launched GIWA’s Sepolia testnet in September 20.

Latest closeEthereum $2,685.04 ▼0.1%

More like this

Sources