DYORSWAP users tricked into sending 767 ETH to fake bridge contract

What happened

The spoofed bridge, which had been deployed shortly after 6 PM UTC on Saturday, was drained just over 12 hours later. DYORSWAP users have lost a total of $2M in ETH after a fake version of UPbit’s GIWA chain was spun up by crypto hackers.

The post DYORSWAP users tricked into sending 767 ETH to fake bridge contract appeared first on Protos . Crypto scammers managed to trick DYORSWAP, a multi-chain decentralized exchange, into integrating a spoofed version of upcoming blockchain GIWA over the weekend, leading to losses of $2 million.

Over one thousand users eager to be early to a new chain sent a total of 767 ETH to the fake bridge contract, which was later withdrawn by the scammers before the proceeds were funnelled into Tornado Cash. Ironically, DYORSWAP takes its name from the abbreviation of the popular phrase “do your own research,” which is often touted as the key to staying safe in crypto.