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Scammers Launch Fake ETH L2 to Steal $2M From Crypto Traders

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Scammers steal $2 million in ETH through fake GIWA network bridge on DYORSWAP

Crypto scammers created a counterfeit version of the Upbit-backed GIWA blockchain and tricked DYORSWAP into integrating it, leading to the theft of approximately 767 ETH (about $2 million) from over 1,300 wallets that bridged funds to the fake Layer 2 network. DYORSWAP has paid over 200 ETH in compensation to affected users.

Sep 28, 2026·5 sourcesDecentralized exchange (DEX)Blockchain interoperabilityDeFiCrypto hacksCrypto securityEthereum Layer 2s & scaling
Scammers steal $2 million in ETH through fake GIWA network bridge on DYORSWAP
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Other sources for this story

Protos

DYORSWAP users tricked into sending 767 ETH to fake bridge contract

Cointelegraph

Scammers Steal $2M in ETH as Fake GIWA Network Fools DYORSWAP

Cryptotimes

Fake GIWA Chain Drained 766 ETH After Running as a Real Layer 2, With 1,335 Wallets Bridging In

Cryptoslate

Crypto scammers built an entire fake blockchain to steal over $2 million