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Crypto scammers built an entire fake blockchain to steal over $2 million

September 28, 2026 1 min read 4 views
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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, comple

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