Scammers exploit fake crypto network, steal ETH

2026-09-29

A cryptocurrency scam has resulted in the theft of approximately $2 million in Ether (ETH). The perpetrators allegedly created a fraudulent network that deceived users of the DYORSWAP platform.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Scammers stole approximately $2 million in Ether by creating a fraudulent network and deceiving users of the DYORSWAP platform. The incident serves as a reminder of the risks in the cryptocurrency space due to unverified digital assets and platforms.

Key facts

Scammers stole approximately $2 million in Ether by impersonating the GIWA network.
DYORSWAP, a platform for the fake network, stated it paid out over 200 ETH in compensation.
Dunamu, operator of the Upbit cryptocurrency exchange, warned that its official GIWA mainnet had not yet launched.
The incident highlights risks associated with unverified digital assets and platforms.

Source: CoinTelegraph

Reported by VERA Newswire.