DYORSWAP users tricked into sending 767 ETH to fake bridge contract
A fake GIWA bridge drew ETH from DYORSWAP users over the weekend, with the losses described at about $2 million. The deposits were sent to a spoofed bridge contract that later had the funds withdrawn and moved on.
What this rests on
What it means
Each sentence links inside to the piece that supports it.
DYORSWAP users who interacted with the bridge are the people most directly affected, because ETH they sent to the fake contract is described as having been taken. Anyone watching the GIWA launch or using the exchange would notice that the bridge activity tied to the chain was not the real mainnet path that had been presented.
In practice, a bridge that looked like GIWA’s mainnet launch was available to users and accepted deposits, but the ETH that went in was later withdrawn and moved on. What remains is the same basic user flow of connecting to a bridge, while the network identity attached to it was fraudulent.
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
How the story was built
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Where this sits in the Ethereum series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | ETH a 4.245 $ high | today it sits -43.0 % from there |
| 4 months ago | ETH a 1.566 $ low | today it sits +54.4 % from there |
From what we have stored, starting 1.0 years ago.
What could happen next
What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.