Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed

PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed

Crypto.NewsCrypto.News2025/10/07 16:00
By:By Rony Roy

Crypto scammers have hijacked the official Chinese-language X account of PanCakeSwap to promote a dubious meme coin dubbed “Sir Pancake.”

Summary
  • PacakeSwap’s Chinese-language X account was hacked on Oct. 8.
  • The attacker promoted a scam meme coin dubbed Sir Pancake.
  • Community members continued trading the token after the scammers sold.

PancakeSwap confirmed the breach during the morning Asian hours on Oct. 8, and warned users to avoid interacting with any links posted on the account.

“Our team is investigating to resolve the issue. Updates will be shared only through this official account @PancakeSwap,” the PancakeSwap team wrote on X. In a subsequent update, the team said they were working with X to resolve the issue.

PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed image 0 PancakeSwap on X | Source: PancakeSwap on X

crypto.news reached out to PancakeSwap for further details, but had not heard back.

In a series of now-deleted posts, the attacker promoted a fraudulent token, which reportedly managed to hit trading volumes as high as $20 million right after launch, according to some community members.

PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed image 1 A scam token promoted on the official PancakeSwap Chinese X account | Source: Dale

At the time of writing, data from Dexscreener showed the token down over 50% in the past 6 hours, with a market cap of approximately $2.6 million. Meanwhile, its trading stood at $45.2 million, which means users were actively trading the meme coin.

PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed image 2

Sir Pancake on-chain trading metrics | Source: Dexscreener

A similar incident transpired last week when attackers hijacked the BNB Chain X account to promote a memecoin dubbed “4” and orchestrated a rug pull. However, community members rallied behind the token after the Binance team regained control, and the meme coin rallied nearly 500% after.

CAKE price unfazed

Security incidents such as these often tend to weigh on investor sentiment, but holders of CAKE, PancakeSwap’s native token, seemed unfazed, notably due to the protocol’s strong performance over the past weeks.

PancakeSwap ( CAKE ) rallied to an intraday high of $4.50 before losing some of those gains to trade near $4.34 at press time. However, it was still up over 10% in the past 24 hours.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!