TREE NEWS update: DyorSwap said the network it had previously identified as the “GIWA mainnet” was in fact a fake chain set up by scammers, who used the correct GIWA chain ID 9134 to appear legitimate during initial verification. The fraudulent bridge caused significant losses. DyorSwap is hiring a security team for on-chain tracing, preserving evidence including chats, RPC details, bridge addresses and transactions, and preparing to compensate affected users from its treasury; eligibility and loss-verification rules will follow the investigation. Users were told not to use any unofficial GIWA mainnet RPC, bridge or contract.
DyorSwap Says ‘GIWA Mainnet’ Was a Scam Chain, Will Compensate Users From Treasury
The notable part is not the scam itself but the verification failure: a correct chain ID was enough to pass an initial check, which is a weak bar for any bridge or RPC endpoint. That shifts the burden onto treasury-funded compensation, so the credibility question becomes how eligibility and loss verification are defined once tracing concludes. Whether the promised security review produces a reusable standard for chain-identity checks is the open question.
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