DyorSwap said in an official notice that the so-called GIWA mainnet previously identified by the team was in fact a fake chain created by scammers. According to the announcement, the fraudulent network used the correct GIWA chain ID, 9134, which made it appear legitimate during the initial verification stage. The team also said it had identified several suspicious messages and individuals in the related community that may be connected to the incident.
The project said the fraudulent cross-chain bridge has already caused significant losses. In response, DyorSwap said it is taking three immediate steps: contacting a professional security team to conduct further on-chain tracing and investigate the addresses, transactions, and fund flows involved; preserving all relevant evidence, including chat records, RPC information, bridge addresses, and on-chain transactions; and preparing to use treasury funds to compensate affected users. The project added that eligibility criteria, loss verification procedures, compensation scope, and a detailed plan will be released after the investigation and verification process is completed.
DyorSwap also warned users not to use any unofficial GIWA mainnet RPC, bridge, or contract, and not to send funds to any related addresses until further notice.
DyorSwap said in an official announcement that the so-called GIWA mainnet previously identified by the team was actually a fake chain set up by scammers.
The notice said the fraudulent network used the correct GIWA chain ID, 9134, which made it appear legitimate during the initial verification stage. The team also identified several suspicious messages and individuals in the related community that may be linked to the incident.
DyorSwap said the fraudulent cross-chain bridge has already caused significant losses.
DyorSwap outlines three immediate actions
The project said it is taking three steps right away:
- Contacting a professional security team to carry out further on-chain tracing and investigate the addresses, transactions, and fund flows involved;
- Preserving all relevant evidence, including chat records, RPC information, bridge addresses, and on-chain transactions;
- Preparing to use treasury funds to compensate affected users, with eligibility criteria, loss verification procedures, compensation scope, and a detailed plan to be announced after the investigation and verification process is completed.
Users told to avoid unofficial GIWA services
DyorSwap said users should not use any unofficial GIWA mainnet RPC, cross-chain bridge, or contract until further notice, and should not send funds to any related addresses.
The team apologized to every affected user and said further updates will be released as soon as possible.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
