GIWA said the so-called GIWA Mainnet circulated earlier was a fake chain set up by scammers and warned users not to interact with any unofficial RPC endpoints, bridges or contracts until further notice. The team also told users not to send funds to related addresses. Earlier, some community members had linked the chain to Upbit, while trading activity emerged around tokens including $GIWACAT and $FAKER. Information cited in the report said false bridge and RPC details were spread in a DYOR group, after which DYORSWAPDEX deployed related markets and funds then crossed in to buy $FAKER. On-chain tracking shows the fake bridge has taken in more than 766 ETH. The funds first moved to an address ending in 4134, then to addresses ending in 6b60 and 3da4, and are still being moved. GIWA said it has contacted a professional security team to trace the fund flows and is preserving evidence including chat logs, RPC information, bridge addresses and transaction records. Eligibility determinations, loss verification and the scope of compensation will be announced after the investigation is completed.
GIWA has confirmed that the so-called GIWA Mainnet circulated earlier was a fake chain built by scammers, according to Odaily. The project warned users not to use any unofficial RPC endpoints, bridges or contracts until further notice, and said they should not send funds to related addresses.
Earlier, members of the community had associated the chain with Upbit, and trading took place around tokens including $GIWACAT and $FAKER. Information cited in the report said false claims about bridge and RPC details were spread in a DYOR group. After that, DYORSWAPDEX deployed related markets, followed by fund inflows and purchases of $FAKER.
On-chain tracking points to more than 766 ETH collected by the fake bridge
On-chain tracking information shows the fake bridge has received more than 766 ETH. The funds were first sent to an address ending in 4134, then moved to addresses ending in 6b60 and 3da4. The assets are still in motion.
GIWA says evidence has been preserved and tracing is under way
GIWA said it has contacted a professional security team to trace the on-chain flow of funds. The team is also preserving evidence including chat records, RPC information, bridge addresses and transaction records. It said eligibility determinations, loss verification and the scope of compensation will be announced after the investigation is complete.
Warning for OP Stack projects
GIWA added that projects using OP Stack should verify whether the Ethereum-side Rollup contract is authentic and confirm that any RPC source comes from the official website or a trusted partner.
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