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Scammers drain nearly all 767 ETH after cloning a GIWA chain

The counterfeit GIWA Ethereum Layer 2 used the planned Chain ID 9134, helping it look legitimate before scammers drained almost all of the deposited funds.

Reported · Written up by our desk · Market Structure

Crypto scammers created a counterfeit version of an Upbit backed GIWA blockchain and attracted 1,333 wallets to deposit 767 ETH, worth about $2 million, before draining nearly all of it, according to CryptoSlate.

The fake network appeared to match GIWA’s anticipated Ethereum Layer 2 mainnet, including an RPC endpoint, a cross chain bridge, and Chain ID 9134, which CryptoSlate says is tied to the planned launch.

GIWA disputed claims that its production RPC leaked, saying no mainnet RPC exists and that its documentation lists only GIWA Sepolia, with a different Chain ID, while Dunamu, operator of South Korea’s Upbit, is developing GIWA using Optimism’s OP Stack.

DYORSWAP, whose community initially interacted with the purported network, later said the chain was fraudulent and warned users against unofficial RPC endpoints, bridges and contracts, adding that it identified suspicious messages and individuals that may be connected to the incident.

Latest closeEthereum $2,685.04 ▼0.1%

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