GIWA Confirms Fake Mainnet and Bridge Scam; Over 766 ETH Stolen

iconKuCoinFlash
Share
AI summary iconSummary
GIWA has confirmed an ETH news alert regarding a fake mainnet and bridge scam, with over 766 ETH stolen. The project warned users not to interact with non-official RPCs, bridges, or contracts. Funds were initially sent to an address ending in 4134, then transferred to 6b60 and 3da4. A security team is monitoring the ETH movement and preserving evidence, including chat logs and transaction data. Compensation details will be provided following the investigation.

Odaily Planet Daily reports that GIWA officially confirmed that the so-called GIWA Mainnet previously circulated is a fraudulent chain set up by scammers, and warned users not to use any non-official RPCs, bridges, or contracts, nor to transfer funds to related addresses until further notice.

Previously, the community associated this chain with Upbit and engaged in trading around tokens such as $GIWACAT and $FAKER; it was reported that after false information regarding bridges and RPC was spread within the DYOR group, DYORSWAPDEX deployed related markets, followed by funds flowing in and purchasing $FAKER.

On-chain tracking shows that the fake bridge has collected over 766 ETH, with funds first transferred to an address ending in 4134, then moved to addresses ending in 6b60 and 3da4, and the movement is still ongoing.

GIWA stated that it has contacted a professional security team to track on-chain fund flows and preserve evidence including chat logs, RPC information, bridge addresses, and transaction records. Eligibility determination, loss verification, and the compensation scope will be announced after the investigation is completed. Projects using OP Stack must verify whether the Ethereum side Rollup contract is legitimate and confirm that the RPC originates from the official website or a trusted partner.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.