Scammers steal over $2M by creating fake GIWA blockchain
A counterfeit GIWA blockchain and bridge drew deposits from about 1,333 to 1,335 wallets and received roughly 767 ETH before the fraud became public. DYORSWAP later said it paid more than 200 ETH in compensation, and GIWA’s operator said its mainnet had not launched.
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What it means
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Users who interacted with the fake GIWA setup are the people most directly affected, because deposits went into a counterfeit network and one venue later said it paid compensation. For them, the practical effect is that the network they thought they were using was not the real GIWA mainnet, and the compensation announcement shows the incident had immediate fallout.
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