𝕏xSE BusinessCrypto first seen 4 h ago, last 4 h ago, peak #33
Scammers Trick Users into Bridging $2 Million to Fake GIWA Network
Original: Scammers Fool Users into Bridging $2 Million to Fake GIWA Network
Fraudsters set up a counterfeit version of the GIWA network and convinced crypto users to bridge roughly $2 million into it, where the funds were effectively stolen. The scheme exploited trust in the GIWA name, catching victims who did not verify the bridge contract. Observers are warning users to double-check URLs and contract addresses before moving funds.
Why now: The scale of the loss and the warning to crypto users are driving fresh discussion about bridge security and phishing scams.
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