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Scammers Launch Fake ETH L2 to Steal $2M From Crypto Traders

News.Bitcoin.com
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Scammers Launch Fake ETH L2 to Steal $2M From Crypto Traders

An unidentified group of threat actors launched a fake L2 chain impersonating Giwa, a project backed by Upbit, identified by DYORSWAP, a multichain decentralized exchange. Over 760 ETH bridged to the chain were lost, and DYORSWAP announced a compensation process for affected users. Fake Giwa L2 Chain Deployment Scheme Causes Over 760 ETH in Losses […]

Key Takeaways

  1. An unidentified group of threat actors launched a fake L2 chain impersonating Giwa, a project backed by Upbit, identified by DYORSWAP, a multichain decentralized exchange.
  2. Over 760 ETH bridged to the chain were lost, and DYORSWAP announced a compensation process for affected users.
  3. Fake Giwa L2 Chain Deployment Scheme Causes Over 760 ETH in Losses […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.