What changed
Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it The fake network appeared to be GIWA’s anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the […] The post Crypto scammers built an entire fake. Crypto scammers built an entire fake blockchain to steal over $2 million
Why it matters
Exchange operations around ETH can change volatility, liquidity, or sentiment. The concrete detail to watch is scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it
Trading lens
Use this as watchful context from cryptoslate.com. Watch whether the fake network appeared to be GIWA’s anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the […] The post Crypto scammers built an entire fake. confirms momentum, invalidates active bias, or changes timing.