A fake Layer 2 network posing as GIWA, which The Defiant described as being backed by Upbit, had 766.25 ETH drained from its Ethereum bridge on Sept. 27, with the amount valued at roughly $2 million in the report. According to The Defiant, the loss happened after decentralized exchange DYORSWAP mistook the fake network for the legitimate GIWA chain. Ethereum transaction data cited in the report shows the transfer moving out from the bridge address 0xbA9938…435ab2. The summary available in the source does not provide additional operational details beyond the transfer, the date, the amount, and the address reference.
A fake Layer 2 network impersonating GIWA, which The Defiant described as being backed by Upbit, had 766.25 ETH drained from its Ethereum bridge on Sept. 27. The report valued the loss at roughly $2 million.
According to The Defiant, decentralized exchange DYORSWAP mistook the fake network for the genuine GIWA network. The report said Ethereum transaction records show the transfer out of the bridge address 0xbA9938…435ab2.
The source summary does not include further details beyond the transfer, the amount, the date, and the address reference.
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