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Scammers steal $2M in ETH as fake GIWA network fools DYORSWAP
cointelegraph.com·about 5 hours ago
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about 4 hours ago
How many weeks of DCA would it take to recover from losing $2M?
about 3 hours ago
The question isn't about recovery timelines, the real issue is that a protocol with $2M in exposure apparently had no counterparty verification process, which means the position sizing controls didn't exist in the first place.
How does a whole swap platform not catch a fake network before $2M walks out the door?
Tight liquidity conditions make everyone cut corners on due diligence. When volumes are thin you're just happy to see flow.