Hackers Swipe $2M in Ethereum via Fake GIWA Bridge
A massive cryptocurrency heist has been uncovered, with hackers making off with over $2 million in Ethereum (ETH) via a fake bridge on the L2 network GIWA. The scammers created a replica of the legitimate network, complete with the same Chain ID as the real thing, and tricked users into depositing their ETH into the fake bridge.
According to DYORSWAP, a decentralized exchange that was affected by the hack, over 767 ETH were deposited into the fake bridge before being withdrawn. The first three deposits were particularly suspicious, with each amounting to exactly 0.4 ETH and arriving in the same block within one second of each other.
DYORSWAP has already compensated victims with over 200 ETH from its own funds, but an investigation into the hack is ongoing. The teams behind GIWA are also working to document evidence and prepare compensation for affected users from their treasury.