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Crypto DeFi

DyorSwap Says ‘GIWA Mainnet’ Was a Scam Chain, Will Compensate Users From Treasury

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.

Original source

AI take

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.

Generated by AI for reference only.

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