fire

Hana

THORChain

Ethereum

Scammers stole about $2 million in Ether (ETH) from a bridge for a fake GIWA blockchain that decentralized exchange (DEX) DYORSWAP said it initially mistook for the project’s mainnet.
In a reconstruction published Monday, DYORSWAP <a href="https://x.com/DYORSWAPDEX/status/2104269975745945742" rel="noopener noreferrer nofollow">said</a> the fraudulent bridge received about 767.65 ETH from 1,335 addresses. The scammers drained 766.25 ETH.
GIWA, an Ethereum layer-2 network developed by Upbit operator Dunamu, <a href="https://x.com/GIWA_by_Upbit/status/2104108336228843590" rel="noopener noreferrer nofollow">said</a> on Sunday that its mainnet had not launched and warned that purported mainnet connection details circulating online were false.
“We do not have our mainnet running currently,” the project wrote.
Dunamu <a href="https://cointelegraph.com/news/south-korea-crypto-exchange-ubit-launches-ethereum-l2" rel="noopener noreferrer nofollow">launched GIWA’s Sepolia testnet</a> in September 2025 using Optimism’s OP Stack. In April, Dunamu, Hana Financial and POSCO International agreed to <a href="https://cointelegraph.com/news/dunamu-hana-financial-take-blockchain-remittance-system-live-with-posco" rel="noopener noreferrer nofollow">test a GIWA Chain-based cross-border remittance system</a> using real trade transactions.
DYORSWAP <a href="https://x.com/DYORSWAPDEX/status/2104120544178344112" rel="noopener noreferrer nofollow">said</a> its contracts had not been compromised and that it was tracing the bridge deployer, funding sources, suspected test wallets and the addresses that received the funds.
DYORSWAP said it had used its own funds to pay more than 200 ETH to affected users.
Magazine: <a href="https://cointelegraph.com/magazine/thorchain-under-fire-over-bitget-hack-eth-is-beyond-blockchain-now" rel="noopener noreferrer nofollow">THORChain under fire over Bitget, ETH evolves beyond blockchain: Hodler’s Digest</a>

Scammers steal $2M in ETH as fake GIWA network fools DYORSWAP

Cointelegraph

Other articles published on Sep 28, 2026

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