Fake GIWA Chain Drains $950K in Ethereum Through Impersonated Layer 2

A fake network impersonating GIWA Chain 9134 drained approximately 766.25 ETH after 1,335 addresses bridged 767.65 ETH into it.

The fraudulent network operated as a functioning Layer 2, with a bridge accepting ether from Ethereum and a batcher posting transaction data back to the main chain.

DYOR, the decentralized exchange whose application was deployed on the network, published its account on September 27, 2026, saying the drain came from the fraudulent bridge rather than any DYOR contract.