Hackers Target PancakeSwap Chinese X Account to Promote Fake Meme Coin

Highlights:

• Hackers targeted PancakeSwap’s Chinese X account and promoted a fake token to users.
• Fake websites tricked users, but they did not affect any funds or platform assets.
• Investors pushed CAKE up 10%, showing strong trust in the platform despite the hack.

PancakeSwap, a leading decentralized exchange on the BNB Chain, revealed that its official Chinese-language X account fell victim to a phishing attack on October 8. Hackers used the account to promote a fraudulent token named “Mr Pancake,” which raked in more than $20 million in trading volume before the scam was discovered and stopped.

Update: We’re actively working with the X team to resolve the issue with @PancakeSwapzh.

Please do not click on any links or interact with posts from that account until we confirm recovery. Stay vigilant and only trust updates from this official account, @PancakeSwap.

— PancakeSwap (@PancakeSwap) October 8, 2025

PancakeSwap Warns Users After Chinese X Account Hack

People saw strange posts on PancakeSwap’s Chinese X account. The posts claimed an “official” token launch. Hackers used the account to promote fake airdrops and tokens. They sent users to websites that looked like PancakeSwap’s real site. The fake sites used tricky domain changes, like swapping an “i” with an “l,” to fool users.

PancakeSwap confirmed that the hack only affected its Chinese X account, and no user funds or platform assets were impacted. The team acted quickly, removing the fake posts and reminding users to rely only on official announcements. The official post stated, “Our Chinese account PancakeSwap has been compromised. Please do not click on any recent links or interact with the posts. Our team is investigating to resolve the issue. Updates will be shared only through this official [site].”

Please look into @PancakeSwapzh account. It was hacked minutes ago

Hacker posted a scam contract pic.twitter.com/iaNXvE4CLt

— Dale (@Dale_BSC) October 8, 2025

A similar event happened last week when attackers gained control of the BNB Chain X account to promote a memecoin named “4” and carried out a rug pull. After the Binance team regained access, community members rallied behind the token, and the meme coin surged following the incident.

PancakeSwap’s CAKE Surges 10% Despite Recent Hack

Security issues like these usually make investors worried, but CAKE holders stayed confident because PancakeSwap has been strong in recent weeks. CAKE reached an intraday high of $4.50 before dropping a bit to $4.34 at the time of reporting. Even with this small pullback, the token was still up over 10% in the past 24 hours, showing strong demand and support. 

Investors continue to trust PancakeSwap, as its market cap hits $1.51 billion and trading volumes exceed $1.22 billion. This strong price movement shows that demand for DeFi tokens remains high. Many traders continue to trust PancakeSwap, especially because the team acted quickly to address the hack. Additionally, new product launches and regular token burns are giving investors more reasons to stay bullish, despite short-term risks.

Additionally, new product launches and regular token burns are giving investors more reasons to stay bullish, despite short-term risks. PancakeSwap recently introduced CAKE.PAD, a rebranded feature allowing users to commit CAKE tokens for early access to new tokens without staking or lock-ups. The platform also partnered with Zeus Network to launch a syrup pool for ZEUS tokens. These updates highlight growing activity on PancakeSwap and a new high in trading volume for the quarter.