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Crypto scammers built an entire fake blockchain to steal over $2 million

Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it.　　Related Company Upbit Global A South Korean cryptocurrency exchange　　The fake network appeared to be GIWAs anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the planned launch.　　But GIWAs mainnet was not live.　　Related Asset Ethereum ETH · $2,675.65 24-hour change: down 0.45%　　In an X post, GIWA said claims that its production RPC had leaked were false because no mainnet RPC exists. Its documentation lists only GIWA Sepolia, which uses Chain ID 91342, while the production network remains under development.　　DYORSWAP, whose community initially interacted with the purported network, later said the chain was fraudulent and warned users against unofficial RPC endpoints, bridges and contracts. It stated:　　“The fake network used the correct GIWA Chain ID (9134), which made it appear legitimate during our initial verification. We have also identified specific suspicious messages and individuals in the related community that may be connected to this incident.”　　Dunamu, operator of South Korea‘s largest crypto exchange, Upbit, is developing GIWA using Optimism’s OP Stack.　　Related Asset Optimism OP · $0.13 24-hour

09-28انڈسٹری

Bitcoin Price Forecast: Trump Rejects Iran Ceasefire, BTC Falls

Today‘s Bitcoin price forecast starts on a softer note: Bitcoin (BTC) slipped to roughly $83,050 on Monday afternoon in Asia, down 1.8% over 24 hours, as geopolitical risk overtook a market that had spent the weekend holding steady near $84,400. The pullback still leaves BTC up about 1.9% over seven days: a reminder that this is a repricing, not a rout. There’s a detail buried further down in the flow data, though, that complicates the simple “risk-off” narrative.　　The trigger was Washington‘s rejection of Tehran’s seven-day ceasefire proposal, which would have reopened the Strait of Hormuz in exchange for the lifting of sanctions, the release of frozen assets, and a broader regional truce. President Trump confirmed the decision Saturday, saying, “It is what we would have maybe agreed to a year ago,” and the Wall Street Journal reported he has told aides he expects to resume strikes on Iran after the November 3 midterms. Trump confirmed he rejected Irans peace proposal in comments that immediately rattled Asian trading desks. Brent crude closed last week near $104 a barrel, keeping inflation risk in the frame alongside the military one.　　Ethererum, XRP and Solana all fell in sympathy, and the total crypto market capitalisation

09-28انڈسٹری

Strategy sets Oct. 28 vote on daily dividends

Strategy has scheduled an Oct. 28 special shareholder meeting to seek approval for daily dividend payments on four U.S.-listed preferred securities.　　SummaryStrategy shareholders will vote October 28 on daily dividends for four U.S.-listed preferred stock classes.STRC could begin daily dividends November 2, while STRF, STRK and STRD follow January 4.Proposed amendments would not change dividend rates, total obligations, or core preferred shareholder protections materially.Only common stockholders of record September 25 can vote on proposals at Strategys special meeting.Strategy says daily payments could reduce reinvestment delays and improve liquidity, efficiency, and price stability.　　According to Strategys preliminary proxy statement, the proposal covers STRF, STRC, STRK and STRD and would replace their current dividend schedules with daily record dates.　　The virtual meeting will begin at 10 a.m. Eastern Time. Common shareholders who held eligible Strategy shares at the close of business on Sept. 25 are entitled to vote.　　Preferred shareholders do not vote on the proposal through their STRF, STRC, STRK or STRD holdings. Strategys Class A common shares carry one vote each, while Class B shares carry 10 votes each.　　You might also like:　　Strategy resumed Bitcoin buying, but Strive gained more BTC per share　　Strategy proposes daily dividends on four preferred stocks　　Under the proposed amendment, each calendar

09-28انڈسٹری

BitMEX Shutdown Update: Live Support Now Lists Manual Web Withdrawals and Ethereum-Only USDT/USDC/ETH

BitMEX is now a withdrawal-only environment, and its current live support documentation is more restrictive than the older schedule wording.　　The closure FAQ originally said two technical changes would take effect on:　　September 28, 2026 at 04:00 UTCAPI withdrawals disabled;USDT/USDC/ETH multi-network fungibility removed.　　However, BitMEXs newer live withdrawal-limitations page already states those restrictions as the current operating state.　　Following WikiBits policy of using current official operational status rather than an older scheduled description, this page treats the restrictions as already in effect.Current withdrawal state　　BitMEXs support page currently says:Manual web only　　API withdrawals are disabled.　　Users must submit withdrawals through the web account portal.　　This removes automated/institutional workflows that depend on:BitMEX API;Fireblocks integration;Copper integration;internal treasury automation.Ethereum-only for three assets　　Asset fungibility across multiple networks has been removed.　　BitMEX says:USDT;USDC;ETH;　　are available for withdrawal only via:　　Ethereum　　Users must verify the destination supports the Ethereum version of the asset.Why WikiBit is using the live support state　　The closure FAQ and the current limitations page are both BitMEX sources.　　The older FAQ describes a planned date.　　The current operational page describes what restrictions are currently in place.　　When those conflict, a current service-status page is the more relevant source for users trying to withdraw now.　　WikiBit therefore does not tell users that API withdrawals remain available merely because an older

09-28انڈسٹری ریسرچ

CoinEx Shutdown: September 29 Spot Closure and Non-USDT Disposal Deadline Is One Day Away

CoinEx is less than one day from the most consequential stage of its orderly exchange shutdown.　　At:　　September 29, 2026 at 02:00 UTC　　CoinExs published wind-down reaches the spot and asset-processing phase.　　For many users, this is more important than the later December 22 general withdrawal deadline.What changes September 29　　The wind-down plan says:all spot trading ends;unfilled spot orders are cancelled;remaining CET is automatically repurchased;CoinEx Smart Chain (CSC) ceases operations;OneSwap ceases operations;the related cross-chain bridge/redemption process ends;remaining non-USDT assets begin disposal/processing.Original-form asset deadline　　CoinEx says users who want non-USDT balances in the original token form should withdraw before:　　02:00 UTC on September 29　　Afterward, assets with external-market liquidity may be sold outside CoinEx and the net proceeds credited in:　　USDT　　This changes the users economic position from:ownership of token X;　　to potentially:a USDT claim resulting from CoinExs disposal of token X.Illiquid assets carry greater risk　　If an asset lacks sufficient external-market liquidity, CoinEx says it may be gradually delisted and the platform may stop maintaining the relevant wallet/custody support.　　This is more severe than a normal forced conversion because there may not be enough external market depth to complete a reasonable sale.　　Users holding thinly traded tokens face the highest residual risk.CET automatic repurchase　　CoinEx has been running a CET buyback at:　　0.005 USDT per CET　　The

09-28انڈسٹری ریسرچ

Bitvavo Converts Remaining KAVA, XNO and RVN to EUR on September 28

Bitvavos delisting of KAVA, XNO and RVN reaches its final balance-conversion stage on September 28.　　Users who left any of the three assets on Bitvavo after the September 18 trading and withdrawal cutoffs no longer control the execution.　　Bitvavo says remaining balances will be:　　automatically converted to EUR on or before September 28, 2026.Delisting timeline　　Bitvavos official timeline was:September 18, 13:00 CEST　　Deposits closed.September 18, 14:00 CEST　　Buying and selling ended.September 18, 15:00 CEST　　Withdrawals closed.September 28 or earlier　　Remaining balances automatically converted to EUR.　　The September 28 stage is therefore the final settlement step, not the day trading first stops.KAVA and RVN had a withdrawal route　　Before the September 18 cutoff, users could withdraw:KAVA;RVN;　　to compatible external wallets/exchanges.　　Users who did so retained control over the original asset.　　Users who left balances behind accepted the platforms residual conversion process.XNO was trade-only　　Nano (XNO) was different.　　Bitvavo describes XNO as a trade-only asset, meaning withdrawals were not supported.　　That left XNO users with fewer exit choices:sell before trading ended;otherwise receive the automatic EUR conversion.　　This distinction makes the forced-conversion mechanism materially more important for XNO than for an asset that could still be self-custodied before the deadline.Conversion price is not specified in advance　　Bitvavo does not promise a fixed EUR conversion rate in the delisting notice.　　The platform sells

09-28انڈسٹری ریسرچ

Kraken Forced Liquidations Begin for H, HUMANITY, BDX and BELDEX

Kraken begins automatically liquidating remaining balances associated with two post-incident token migrations on September 28.　　The affected Kraken tickers are:H — legacy Humanity token;HUMANITY — replacement Humanity token on Kraken;BDX — legacy Beldex token;BELDEX — replacement Beldex token on Kraken.　　Withdrawals for all four closed on:　　September 25, 2026 at 14:00 UTC　　Remaining balances now enter a platform-controlled liquidation period from:　　September 28 through October 2, 2026Why these are migration balances　　Both token pairs arose from earlier security/contract incidents.Humanity　　The Humanity team deployed a replacement token after the legacy H incident.　　Kraken:kept legacy H under ticker H;used HUMANITY for the new token so users could distinguish the contracts;credited eligible snapshot holders 1:1.　　The snapshot was:　　June 8, 2026 at 17:25 UTC　　The HUMANITY airdrop was scheduled for:　　July 1, 2026 at 14:00 UTCBeldex　　Beldex deployed a replacement token after the incident affecting legacy BDX.　　Kraken:kept legacy token under BDX;used BELDEX for the replacement token;credited eligible snapshot holders 1:1.　　The BDX snapshot was:　　June 10, 2026 at 23:36 UTC　　The BELDEX airdrop occurred:　　July 10, 2026 at 14:00 UTCThe withdrawal decision is already over　　Before September 25, users who wanted to keep the actual tokens could withdraw.　　That window has closed.　　The risk today is therefore not “should I withdraw before liquidation？”　　It is:　　How will Kraken execute the residual balance when the user

09-28انڈسٹری ریسرچ

Bitget Hack Update: BTC Withdrawal Test Starts Sep. 28 as Stolen Funds Move Through THORChain

Bitgets September 24 security incident has entered two simultaneous phases:exchange recovery, with BTC withdrawals scheduled to restart on September 28 at 08:00 UTC;on-chain laundering, with attacker-linked assets increasingly converted and consolidated into Bitcoin.　　These two tracks must be evaluated separately. Bitget can fix the backend flaw and restore customer withdrawals while the attacker continues moving assets already stolen from the exchange.BTC withdrawals are the first live recovery test　　Bitgets official schedule says:Sep. 28, 08:00 UTC: BTC / Bitcoin;Sep. 29, 08:00 UTC: ETH on Ethereum, BSC, Arbitrum, Base and Optimism;Sep. 30, 08:00 UTC: USDT on Ethereum, BSC, Solana and Tron;Oct. 2, 08:00 UTC: other tokens, fiat and P2P.　　This report is published before the first 08:00 UTC milestone.　　Therefore, WikiBit records the status as:　　Scheduled — not yet verified operational.　　The next evidence is an actual user withdrawal broadcast to Bitcoin and sustained processing without another emergency pause.What Bitget says is fixed　　Bitget says:the wallet-backend vulnerability has been identified;it has been remediated;the incident is contained;no further unauthorized transfers are possible through the identified path;customer account balances are unaffected;deposits and trading continue;Mandiant and SlowMist continue to assist.　　The exchange has ruled out a private-key compromise and describes the failure as a backend system spoofing transaction data into the authorization process.The

09-28انڈسٹری ریسرچ

Wikibit Crypto Risk Monitor — September 28, 2026

September 28 is primarily an execution-risk day. No newly verified exploit in the latest scan exceeds the security events already under active monitoring, but several exchange users are entering irreversible platform-controlled actions: Bitget is due to test the first phase of its post-hack withdrawal restoration; Kraken starts liquidating four migrated-token balances whose withdrawal windows have already closed; Bitvavo is converting residual KAVA, XNO and RVN to EUR; CoinEx is less than one day from ending spot trading and beginning disposal of non-USDT balances; and BitMEXs live support documentation now describes withdrawals as manual-web-only with USDT, USDC and ETH restricted to Ethereum.　　The most important security development remains Bitget. BTC withdrawals are scheduled to reopen at 08:00 UTC on September 28, later than this reports publication cutoff. The exchange says the wallet-backend vulnerability behind the September 24 breach has been remediated and that account balances are unaffected. The first successful BTC withdrawals will therefore be the first externally observable test of the recovery plan, rather than another statement of intent.　　At the same time, the attacker‘s assets continue moving. A detailed public chain reconstruction using Bitget’s published attacker addresses found the original stolen XRP had effectively been moved out of the large initial

09-28انڈسٹری ریسرچ

Pi Network price: Can PI break $0.10 before Protocol 28？

Pi Network has moved directly into Protocol 28 preparations after completing Protocol 27, while PI continues trading below the closely watched $0.10 level.　　Pi Network said on Sept. 26 that Protocol 27 had been successfully completed on Mainnet and Protocol 28 was already running on Testnet. Pi Networks official announcement Node operators have until Oct. 13 to upgrade, three days before the planned Protocol 28 Mainnet activation on Oct. 16.　　PI was trading near $0.0893 at the time of writing, according to CoinGecko market data. The token was down roughly 2% over 24 hours but remained around 2.3% higher over seven days. Its market capitalization stood near $1 billion, with approximately $6.4 million in 24-hour trading volume and 11.24 billion PI in circulating supply.　　Can Pi Network price reclaim $0.10？　　PI has remained below $0.10 despite recovering from September lows. CoinGecko shows a seven-day range between roughly $0.085 and $0.0945, leaving the token inside the consolidation area that has developed since July.　　The daily chart still shows a weaker long-term structure after PI fell from above $0.20 earlier this year. Since July, price action has become flatter, with most trading taking place between approximately $0.08 and $0.10.　　Momentum indicators remain mixed. The Relative Strength Index stands

09-28انڈسٹری

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