South Korean crypto exchange Upbit said it has identified fraudulent activity involving parties impersonating the GIWA blockchain project and spreading false claims about a mainnet launch and digital asset issuance. According to the exchange, the misleading information has been used to induce users to move their assets.
Upbit said GIWA is an Ethereum Layer 2 network being developed by its parent company, Dunamu. The project is currently operating only a testnet, while the mainnet remains under development and preparation. No official launch date has been announced.
The exchange urged users to be cautious about any unverified information related to a mainnet launch, token issuance, or investment opportunities. It also warned against unofficial channels that ask users to buy digital assets, transfer funds, or connect wallets. Upbit said updates on the project should be verified through GIWA’s official website and official social media accounts.
South Korean crypto exchange Upbit said it has recently found bad actors impersonating the GIWA blockchain project, spreading false information about a mainnet launch and digital asset issuance, and using those claims to induce users to move their assets.
Upbit said GIWA is an Ethereum Layer 2 network being developed by its parent company, Dunamu. The project is currently running only a testnet, while the mainnet is still in development and preparation. No official launch date has been announced.
Users told to rely on official GIWA channels
Upbit warned users to be cautious about any unconfirmed information related to a mainnet launch, token issuance, or investment opportunities. The exchange said users should not trust unofficial channels that ask them to purchase digital assets, transfer funds, or connect wallets.
For project updates, Upbit said users should rely on information published through GIWA’s official website and official social media accounts.
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