Giwa safety guide
How to avoid fake Giwa mainnet scams.
A fake Giwa mainnet took about 766 ETH from people who were trying to be early. Here is how it worked, and the checks to make before you bridge, add a network or trade a memecoin on Giwa.
By Floor1 · Published · Reviewed
What happened with the fake Giwa mainnet
According to KuCoin’s report, a scammer started a chain that reused the chain ID people expected Giwa mainnet to have, then published a fake RPC endpoint and a fake bridge from Ethereum. The details spread through a community member, and a launchpad deployed on the fake chain made memecoins appear to pump, so it looked like the real launch.
People bridged real ETH from Ethereum to the fake chain. Once enough had arrived, all of it was drained in a single transaction, and part of it was moved through Tornado Cash. Nobody’s wallet was hacked: people sent the funds themselves.
These figures come from KuCoin’s report, not from Floor1’s own analysis. Floor1 was not involved in the incident.
Why a matching chain ID proves nothing
A chain ID is just a number. Anyone can run a network with any chain ID and give it any name, and your wallet will happily show “Giwa” with the right number if that is what the network settings say. What decides which chain you are on is the RPC URL your wallet talks to. A real network is the one its operator announces, with the endpoints listed in its official documentation.
Checks before you bridge or add a network
- Start from official sources. Get network details from docs.giwa.io, not from a reply, a direct message, a Telegram group or a screenshot.
- Check the RPC domain. Giwa’s official testnet endpoints are on
giwa.io, such ashttps://sepolia-rpc.giwa.io. A lookalike domain or a raw IP address is a warning sign. - Only use the official bridge. A bridge is where real ETH leaves Ethereum. Find it from Giwa’s documentation, and check the address you are approving before you sign.
- Wait for the announcement. Being first to an unannounced mainnet is exactly what this scam relied on. Early access is not worth an unverifiable network.
- Test with a small amount. Even on a network you trust, send a small amount first and check it on the explorer before moving more.
- Never share your recovery phrase. No faucet, bridge, launchpad or support account needs your recovery phrase or private key.
Before you trade a Giwa memecoin
- Check that the launchpad’s website and social accounts link to each other, and that the domain is the one you expect.
- Look up the token’s contract address on the network’s official explorer, not only on the launchpad’s own page.
- Be careful with tokens whose name copies a well-known project. Anyone can launch a token with any name and ticker.
- On a testnet, nothing has monetary value. Anyone selling testnet ETH or testnet tokens for real money is running a scam.
For a step-by-step walkthrough, read how to check a Giwa token on the explorer. To move test ETH safely, use the Giwa Sepolia bridge guide.
How to recognise the real Floor1
- The only Floor1 website is www.floor1.fun, and the only official X account is @floor1dotfun.
- Floor1 is not publicly open yet. Check the website and the official X account before trusting any link that claims otherwise.
- Do not trust direct messages that ask for funds, a recovery phrase or a wallet signature, even when they use Floor1’s name.
Setting up the Giwa testnet? Follow our Giwa Sepolia setup guide for the official chain ID, RPC and faucet. Read about Floor1 for what we are building.