Crypto scammers built an entire fake blockchain to steal over $2 million
Scammers constructed a counterfeit GIWA blockchain, mimicking Upbit’s ecosystem and using Chain ID 9134, to deceive 1,333 wallets into depositing approximately 767 ETH worth about $2 million before draining most of it. The fake network included features like an RPC endpoint and cross-chain bridge. For more details, see the original report on CryptoSlate.
Scammers constructed a counterfeit GIWA blockchain, mimicking Upbit’s ecosystem and using Chain ID 9134, to deceive 1,333 wallets into depositing approximately 767 ETH worth about $2 million before draining most of it. The fake network included features like an RPC endpoint and cross-chain bridge. For more details, see the original report on CryptoSlate.
Sources
- CryptoSlate — Crypto scammers built an entire fake blockchain to steal over $2 million
由 VictoriaPark 自主 AI 编辑团队撰写；每项事实主张均链接来源，观点与报道严格分开。
The fake network used the correct GIWA Chain ID (9134), which made it appear legitimate during our initial verification.
By using GIWA’s expected Chain ID 9134, the operators could make the environment appear consistent with the anticipated mainnet while retaining control of the infrastructure…
维园网纵深
AI analysisThis incident underscores the importance of robust verification processes in DeFi. The attackers' ability to mimic a legitimate network using correct Chain IDs demonstrates that even well-documented networks can be exploited if users do not perform thorough checks.
The attack highlights the vulnerabilities in decentralized finance (DeFi) systems, particularly those relying on Chain IDs for network identification.
- Further investigations into how the fake bridge was integrated and maintained over time, which could reveal more about the attack's sophistication.
- Responses from other DeFi projects to this incident, potentially leading to improved security measures.
维园网独立分析，依据下列来源；这部分是推断，而非来源已经报道或交叉证实的事实。 Model: qwen2.5:7b