GIWA confirmed that the previously circulated GIWA Mainnet is a fraudulent chain built by scammers and told users not to use any unofficial RPC (blockchain connection endpoint), bridge or contract, or transfer funds to related addresses until further notice. The community had linked the chain to Upbit and traded tokens including $GIWACAT and $FAKER. Information circulating in the DYOR group allegedly promoted false bridge and RPC details before DYORSWAPDEX deployed related markets, after which funds moved onto the chain and were used to buy $FAKER. On-chain tracking shows the fake bridge has collected more than 766 ETH. The funds first moved to an address ending in 4134 and then to addresses ending in 6b60 and 3da4, where they remain in motion. GIWA said it has engaged a professional security team to trace the funds and preserve chat records, RPC information, bridge addresses and transaction records. Eligibility determinations, loss verification and the scope of any compensation will be announced after the investigation is complete.