This might be one of the smartest crypto scams I’ve seen in a while Someone basically created a fake blockchain and got real users to bridge money into it Here’s what happened: - GIWA is a legitimate Ethereum L2 connected to Upbit There was only one problem, GIWA mainnet had NOT launched yet Scammers knew people were waiting for it and built an entire fake environment around that expectation They created a fake EVM chain, gave it GIWA’s legitimate Chain ID: 9134 set up an RPC and apparently created a fraudulent bridge that allowed users to send real assets into the fake network So you could add a new network to your wallet, the RPC responds correctly, your wallet shows 9134, transactions work and everything looks real Except Chain IDs aren’t proof of authenticity The scammers basically copied GIWA’s license plate and built another car behind it And real assets leave Ethereum or whatever legitimate source chain they’re using and enter infrastructure controlled by whoever built the fraudulent bridge $2M were lost through this scam apparently

OIL PRICES REBOUND MORE THAN 1% AFTER TRUMP REJECTS IRAN PEACE DEAL TO REOPEN STRAIT OF HORMUZ

TARIFF DEAL: Trump and Xi agree to slash tariffs on $30 billion in goods after a three-day summit in Washington — the most significant cooldown in the trade war since it began in early 2025. The deal covers U.S. agricultural exports, medical devices, cosmetics, fish and seafood headed to China, while Chinese-made small appliances, toys, holiday decorations and children's car seats get preferential treatment entering the U.S. The agreement was brokered through the newly established U.S.-China Board of Trade, a body first proposed during Trump's visit to China in May. U.S. Trade Representative Jamieson Greer said final tariff rates and the full product list have not been released yet, with more details expected Monday. The two countries will continue using the Board of Trade to negotiate further reductions, leaving the door open for broader agreements in the months ahead. Full story here foxnews.com/politics/us-chin…

Pump fun(@Pumpfun) sold another 47,994 $SOL ($5.83M) 2 hours ago. In total, pump.fun has sold 5,236,623 $SOL ($848M) at an average price of $162. arkm.com/explorer/entity/pum…

GoPlus: Bitget’s $387.5M Hack Exploited the Transaction-Signing Trust Chain, Not Private Keys GoPlus Security said its review of Bitget’s $387.5 million security incident found that the attack did not involve a private-key leak, but rather a compromise of the transaction-signing trust chain. Attackers breached a critical wallet backend system, forged transaction data, and caused Bitget’s authorized signing flow to generate valid signatures for transfers the exchange did not intend to make. GoPlus said the fund-drain window lasted about 2 hours and 25 minutes, with the largest wave moving roughly $185 million in about one minute. It has blacklisted attacker-linked addresses and shared them with ecosystem partners. GoPlus said the incident shows structural similarities to the 2025 Bybit hack, though Bitget has not yet published a full technical report and the initial intrusion method remains unconfirmed.

Last week on Snapshot @derivexyz is voting to rebuild its exchange so Ethereum checks a proof of every trade batch, retire Derive Chain, and carry every balance over without a redeposit. Order matching stays off-chain. Margin, pricing and settlement run in a zero-knowledge virtual machine, which produces a cryptographic proof of the calculations for Ethereum to verify. Verification uses roughly 400,000-500,000 gas, Ethereum’s measure of computational work, per batch. The migration would also: - Keep custody and withdrawals on Ethereum, with every withdrawal requiring a valid proof. Batch data goes to Celestia so other providers can support withdrawals if Derive’s operator goes offline. Anyone can take over sequencing, the ordering of trades, after a minimum two-week window. - Re-mint $DRV on @RobinhoodApp’s Robinhood Chain and bridge it to Ethereum through @LayerZero_Core. Old-chain supply stops counting as canonical DRV, and voting delegations clear. - Split the shared risk pool into four isolated derivatives pools. Positions in retired assets close at mark price and are paid in USDC. - Start with a wallet requiring 6 of 8 signatures, plus an execution delay, controlling the contracts. A handover to stakers requires a later proposal. The vote closes Oct 4. 1. @CoWSwap passed a quote-reward redesign with 100% For and 36,687,625 vCOW, clearing quorum. It closed Sep 25. The dedicated budget targets 10% of protocol revenue, up from about 3%, to bring displayed quotes closer to the prices competing trade executors later bid. The core team can adjust how rewards are distributed; no allocation formula was approved. 2. @safe’s Safenet @aegis_im funding vote remains open. @safefndn requests about 7.4M SAFE over 12 months for optional transaction safety checks. About 5M goes to six permissioned validators, each staking at least 3.5M SAFE; 2.4M goes to six security-check providers. Each check costs 0.40 USDC, and users can override it. The vote closes Oct 6. 3. @worldlibertyfi’s staking redesign had 82.0% Yes at last capture, with 2,086.25M WLFI cast against a 1B quorum. The vote closes Sep 28. The voluntary rewards program would replace March’s system. Earning rewards requires locking unlocked tokens for at least 180 days and voting directly at least once per 90 days staked. Staking cannot give any holder more than 5% of voting power. All holders retain voting rights. 4. @aave passed three votes that closed Sep 25: - Deploy V4 on Base with tokenized Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares as collateral for USDC loans. Caps are 32M supplied and 21M borrowed, with @chainlink feeds tracking total equity returns. A separate tokenized-USDC market would allow deposits only, capped at 1M. - Tighten isolation rules in specialized borrowing modes so outside collateral cannot borrow assets closed to general borrowing. The change avoids forced liquidations. - Increase borrowing capacity against ETH and BTC across V3 Ethereum @coreapp, Arbitrum, Base and the V4 Main Spoke lending environment. Reduce Base’s cbBTC liquidation bonus from 7.5% to 6%, using @LlamaRisk’s calibration. All three passed with 100% For. Binding onchain votes are still required before execution. 5. @ssv_network passed automatic delegation with 100% For and 497,125 SSV, clearing quorum. The DAO becomes a delegation target and splits voting power across community delegates (45%), verified operators (25%), grant recipients (15%), professional delegates (10%) and the wider Ethereum community (5%). Holders can opt out. As delegated balances grow, up to 100K SSV returns to the treasury, while 50K stays in the program. Automatic delegation is capped at 500K. 6. @1inch passed its first holder-ratified treasury signer set with 100% Yes and 28,052,421 Unicorn Power, clearing quorum. The treasury wallet becomes a 12-seat Security Council, retaining its 7-signature threshold and rotating seven seats. It can execute approved transactions, veto malicious payloads during the 72-hour execution delay and protect the treasury in emergencies. It has no discretionary spending authority; seats are unpaid. 7. @LidoFinance resolved three votes: - Rejected the expense-audit, workforce-cut and buyback package: 29,354,889 LDO Against versus 1,255 For. It sought a 50% cut to @lidolabs’ workforce, a lower buyback trigger and all surplus directed to LDO buybacks. - Passed conditional exchange-liquidity support with 100% For and 54,656,706 LDO. The recallable facility is capped at the lesser of $1.5M or 7.5M LDO, plus up to 480K USDC in retainers through @LidoEcosystem. Nothing is drawn unless the Growth Committee finds liquidity insufficient. - Passed the appointment of Leeward Supervisors Limited as legal supervisor of the Lido Alliance foundation, replacing @MetaLeX_Labs, with 100% For and 52,354,713 LDO. 8. @decentraland paired two marketplace approvals with two community votes: - Passed minimum acceptable offers for sellers with 99.9% Yes and 3,362,592 voting power in favor. - Passed a show/hide toggle to keep archived offers hidden across logins with 99.8% Yes and 1,024,570 in favor. - Passed adding AFTER-HOURS nightclub at map location 40,54 to official points of interest at no DAO cost. It closed Sep 26 with 99.9% yes and 2.46M voting power in favor. - Is voting on asking @DecentralandDAO to post new polls and repost ecosystem content. It closes Sep 28; “Yes” held 60.3% at last capture. 9. @Uniswap’s two previously covered votes closed Sep 23: - Extend protocol fees and the UNI burn path to @arc, @circle’s Layer 1 network. Passed with 100% For, clearing quorum. - Rotate Gauntlet’s emergency addresses for three @Morpho vaults behind Uniswap Earn. Their authority can restrict vault activity but cannot move funds. Passed with 100% For, clearing quorum. 28 proposals open across 21 verified spaces on Snapshot right now. snapshot.box

re: yesterday's @Morpho account post. The tweet was neither written nor published by us. It originated from a third-party AI marketing tool. We removed the post shortly after it went live and immediately revoked the third party’s access to the account. We’re still investigating exactly what triggered the post. Apologies for the noise.