Fake GIWA Chain Drains $2 Million in Ether After Fooling DYORSWAP

By Isaac • September 28, 2026 8:44 am •

A fake blockchain copied the identifying details of GIWA’s planned network closely enough to fool a decentralized exchange. By the time the mistake was understood, scammers had taken roughly $2 million in Ether.

This was not an exploit of Ethereum or GIWA’s real mainnet. It was an identity and verification failure: a counterfeit network presented itself as something that had not even launched.

Cointelegraph reported that DYORSWAP connected to the fake GIWA network after scammers used the correct chain ID, 9134. That familiar identifier helped the impostor chain look legitimate during the exchange’s initial checks.

The report said the attackers used their counterfeit environment to reach real Ether, draining roughly $2 million before the deception was