Scammers steal over $2M by creating fake GIWA blockchain
- Published
- Also mentions
- ETH
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.
Key claims & sources
What it means
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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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 2 months ago | Fetch.ai · Private key leakage incident | $2M |
| 3 months ago | RRWallet · Weak Key Generation incident | $2M |
| 5 months ago | Aztec Bridge · Bridge Logic Flaw incident | $2M |
| 11 months ago | Rari Capital · Uninitialized proxy incident | $2M |
| 1.1 years ago | NGP · Price manipulation incident | $2M |
4282 incidents stored · 748 were as large as this one or larger ($2M)