DYORSWAP Will Use Treasury Funds to Compensate Those Affected by the Fake GIWA Mainnet Incident

DYORSWAP Plans Treasury Compensation for Fake GIWA Mainnet Incident

DYORSWAP said in a September 27 social media post reported by BlockBeats that it plans to use treasury funds to compensate users harmed by a fake GIWA Mainnet network created by scammers. The multichain DEX confirmed that the network previously presented as GIWA Mainnet was not legitimate, but it used the correct GIWA chain identifier 9134, which made preliminary checks appear valid.

Why the fake chain looked legitimate

DYORSWAP said the fake network used the correct GIWA chain identifier 9134, causing early validation to seem legitimate. The project also said it found suspicious messages and individuals in related communities that may be connected to the incident.

What users lost and what DYORSWAP is doing

The project reported that users suffered significant losses through a fake bridge. DYORSWAP said it has taken emergency steps, including contacting a professional security team for further on-chain tracing to investigate addresses, transactions, and fund flows. It also said it preserved relevant evidence, including chat records, Remote Procedure Call information, bridge addresses, and on-chain transactions.

Next steps

DYORSWAP said it is preparing treasury funds to compensate affected users. The eligibility criteria, loss verification process, compensation scope, and detailed plan will be announced after the investigation and verification are completed.