An unidentified group of threat actors launched a fake L2 chain impersonating Giwa, a project backed by Upbit, identified by DYORSWAP, a multichain decentralized exchange. Over 760 ETH bridged to the chain were lost, and DYORSWAP announced a compensation process for affected users.
Ether traded at $2,654 on Binance spot at 11:42 p.m. ET on Sept.
Ether was at $2,654 15 minutes earlier and down 0.38% from one hour before the reading.
Ether (ETH) was quoted at $2,650 against Tether, with the ETH/USDT pair down 1.97% over the previous 24 hours.
Ethereum's roadmap emphasizes cryptographic verification and lighter node requirements, while Hyperliquid will double HIP-4 deployment limits and reduce its funding-rate ceiling.
Total liquidations reached $10.25 million across Binance, Bybit and OKX as Ether fell 1.07% to $2,657.
DYORSWAP said the incident affected about 1,335 bridged addresses and involved roughly 766.25 Ether removed through the fraudulent network.
The transfer was valued at about $16.38 million after the Ether moved from the Robinhood network to Ethereum mainnet six days earlier.
About 1,335 addresses deposited 767.65 ETH into a fake cross-chain bridge, while 766.25 ETH was ultimately transferred out.
The team said 1,335 addresses bridged about 767.65 ETH into the fraudulent network and that affected users have received more than 200 ETH in reimbursements.
Ethereum co-founder Vitalik Buterin says the network is heading toward a future where calling it a blockchain barely describes the machinery. In a Sept. 27 essay, he presents a 2030 vision with finality of roughly eight to 32 seconds, lighter verification and stronger privacy.
The index rose by more than 53,800 ETH, or roughly 280%, in one week as Ether traded near $2,670.