Current outcome
The fake GIWA Layer 2 bridge received 767.65 ETH from 1,335 addresses, which was drained and funneled through Tornado Cash; DYORSWAP has promised 40% reimbursement to wallets that bridged under 5 ETH, distributed over 200 ETH in compensation, published suspected scammer addresses funded from Binance and Gate, and requested the funds back on-chain.
Progress timeline
2 material updates- #01
Fake GIWA Layer 2 Bridge Drained of 766 ETH
A fake GIWA Layer 2 bridge was drained of 766 ETH by an attacker, and DYORSWAP — which mistakenly routed users to the counterfeit network thinking it was the Upbit-backed GIWA project — has promised 40% reimbursement to eligible wallets that bridged less than 5 ETH.
Source evidence: The Defiant
- #02
DYORSWAP users tricked into sending 767 ETH to fake bridge contract
More details emerged: DYORSWAP was tricked into integrating the spoofed GIWA chain because it reused the genuine chain ID 9134; 1,335 addresses bridged 767.65 ETH (~$2M), which the scammers drained and funneled through Tornado Cash. Suspected scammer addresses were funded from Binance and Gate, DYORSWAP has distributed over 200 ETH in compensation, and a team-linked address has asked the scammers on-chain to return the funds.
State after update: The fake GIWA Layer 2 bridge received 767.65 ETH from 1,335 addresses, which was drained and funneled through Tornado Cash; DYORSWAP has promised 40% reimbursement to wallets that bridged under 5 ETH, distributed over 200 ETH in compensation, published suspected scammer addresses funded from Binance and Gate, and requested the funds back on-chain.
Source evidence: Protos