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Fake Giwa Ethereum Layer 2 chain steals over 766 ETH from 1,335 users

  • A fake Ethereum Layer 2 chain impersonating Giwa stole funds from users.
  • Over 766 ETH, worth more than $2 million, was taken.
  • 1,335 users had bridged funds to the fraudulent chain.

A sophisticated scam involving a fake Ethereum Layer 2 network impersonating the Giwa project stole over 766 ETH, worth more than $2 million, from 1,335 users. The victims had bridged funds, meaning they transferred assets between blockchain networks, to the fake chain.

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