Security· ★★★· bearish·

South Korean scammers impersonated Dunamu's GIWA blockchain, stole 2.8B won

  • —Losses from the fake GIWA chain are estimated at 2.7–2.8 billion won
  • —Funds were moved within 11 minutes of Dunamu denying mainnet launch rumors
  • —The FSS chief was unaware of the case; the lawmaker seeks blockchain forensics staff
  • —South Korea has 7.78 million crypto users and about 6 trillion won in daily volume
Why it matters: The case exposes gaps in South Korea's crypto oversight and could accelerate the FSS's push for blockchain forensics and on-chain supervision.
Source: Blockmedia
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