According to CoinMeta, today there has been much discussion regarding giwa. The official team has confirmed that their “mainnet” is a fake chain, and the related fake bridges have disappeared with over 766 ETH being transferred. The official team warns users not to use any unofficial RPC, bridges, or contracts until further notice, nor to transfer funds to the relevant addresses. Previously, the community associated this chain with Upbit and conducted transactions involving tokens such as $giwacat and $faker. Tracking information on the chain shows that the fake bridge has currently collected over 766 ETH. The funds were first transferred to an address ending in 4134, then to addresses ending in 6b60 and 3da4, and the movement of funds continues. giwa stated that they have contacted professional security teams to track the flow of funds on the chain and have preserved evidence such as chat records, RPC information, bridge addresses, and transaction records. The determination of eligibility, verification of losses, and the scope of compensation will be announced after the investigation is completed.