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GIWA · security

Fake GIWA Mainnet Bridge Drains About 766 ETH

GIWA's real mainnet was not breached; a counterfeit network impersonating GIWA attracted about 767.65 ETH from 1,335 addresses and ultimately drained roughly 766.25 ETH, according to DYORSWAP.

By Orbitrum
Illustration of a fraudulent blockchain bridge impersonating GIWA, representing the fake GIWA Mainnet incident in which a related bridge received more than 766 Ether (ETH). GIWA said its real mainnet had not launched, warned users against unofficial RPCs, bridges and contracts, and brought in a professional security team to trace the funds.

Was GIWA's real mainnet hacked?

No. GIWA's official documentation says its mainnet is still under development, so the affected bridge belonged to a fake network rather than GIWA's live infrastructure.

Orbitrum Investor Impact

How much ETH was affected?

DYORSWAP later reported that 1,335 addresses deposited about 767.65 ETH into the fake bridge and about 766.25 ETH was drained.

Why does the incident matter for GIWA?

The incident creates a pre-launch trust and ecosystem-security risk because scammers successfully used GIWA's identity to attract real funds. The sources checked do not report a compromise of GIWA's actual infrastructure or a loss from Dunamu's treasury.

Does GIWA have an official token tied to the scam?

No. GIWA says it does not plan to issue its own token and uses ETH as the chain's base token; the $GIWACAT and $FAKER trading activity reported around the incident was not an official GIWA native token.

Who is compensating affected users?

DYORSWAP said it has used its own funds to distribute more than 200 ETH to affected users. Its investigation and the final accounting of losses and compensation remain ongoing.

What happens next?

DYORSWAP says it is tracing the fake network's deployer, funding sources and downstream fund movements, while GIWA's official mainnet remains under development.

Sources

Original signal: TokenPost ↗

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