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Crypto DeFi

Fake GIWA Layer 2 Bridge Drained of 766 ETH

A fake GIWA Layer 2 bridge has been drained of 766 ETH, with DYORSWAP saying it mistook the network for the Upbit-backed project. The platform promised 40% reimbursement for eligible wallets that bridged less than 5 ETH.

Original source

AI take

The distinction between a legitimate L2 and a lookalike bridge is doing real damage here, and the reimbursement promise from a platform that admits it misidentified the network raises its own questions about who ultimately absorbs the loss. The sub-5 ETH cap on eligibility suggests smaller bridgers are prioritized, leaving larger depositors to negotiate an unclear outcome. Whether DYORSWAP's reimbursement actually reaches wallets, and how it is funded, is the open question worth tracking.

Generated by AI for reference only.

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