Scammers steal $2M via fake Ethereum L2 chain impersonating Giwa project

A sophisticated scam involving a fake Ethereum Layer 2 chain impersonating the Giwa project led to the theft of over 766 ETH (worth more than $2 million) from 1,335 users who bridged funds to the fake chain. The fake chain included complex features like an OP stack-style infrastructure and a working bridge, initially deceiving users and the decentralized exchange DYORSWAP. DYORSWAP has started reimbursing affected users and is investigating the incident, while the real Giwa project confirmed it has not launched any mainnet. This incident highlights ongoing security risks in the crypto space, especially with fake projects and social engineering attacks.

The story a scam involving a fake Ethereum Layer 2 chain is presented here with Pluang's cryptocurrency market data for context. For readers following major cryptocurrencies on Pluang as of Sep 28, 2026 13:21 WIB: out of 50 major cryptocurrencies, only 9 rose while 40 fell. Notably, SUSHI fell 5.17% to Rp4.552 with 96% of orders selling, VET dropped 5.14% to Rp158 with 77% selling, and FIL declined 4.65% to Rp19.358 but had a majority 59% buying activity.

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