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Reading: PancakeSwap Confirms X Account Hack After Fake ‘Sir Pancake’ Token Scam
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EdaFace Newsfeed > Latest News > Crypto News > PancakeSwap Confirms X Account Hack After Fake ‘Sir Pancake’ Token Scam
Crypto News

PancakeSwap Confirms X Account Hack After Fake ‘Sir Pancake’ Token Scam

vitalclick
Last updated: October 8, 2025 7:11 am
1 hour ago
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Contents
How the PancakeSwap X Account Hack Happened?PancakeSwap’s Quick ResponseCommunity Reaction and WarningsPancakeSwap’s CAKE price jumped 15%Trust with CoinPedia:Investment Disclaimer:Sponsored and Advertisements:

In an unexpected turn of events, PancakeSwap, one of the most popular decentralized exchanges on the BNB Chain, has confirmed that its official Chinese-language X account was compromised in a targeted phishing attack on October 8, 2025. 

The compromised account was used to promote a fake token called “Sir Pancake,” which managed to generate over $20 million in trading volume before the deception was caught.

How the PancakeSwap X Account Hack Happened?

The issue came to light when suspicious posts appeared on PancakeSwap’s Chinese X account, promoting what was described as an “official” PancakeSwap token launch.

The attackers used the Chinese X account to lure users to phony airdrops and “Mr Pancake” meme token launches, leading users to websites that looked identical to PancakeSwap’s real site.

Our Chinese account @PancakeSwapzh 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 account @PancakeSwap.

— PancakeSwap (@PancakeSwap) October 8, 2025

These sites employed clever domain swaps, such as replacing an “i” with an “l,” to deceive users. Once victims connected their wallets, hackers drained their funds instantly using smart contract approvals.

PancakeSwap’s Quick Response

PancakeSwap confirmed that the hack was limited to its Chinese X account and that no user funds or platform assets were affected. The team acted fast, deleting the fake posts and warning users to trust only official announcements.

A full investigation is now underway to trace how the breach happened. PancakeSwap also said it is strengthening account security and verification to prevent future incidents. 

The team reassured users of its commitment to safety and transparency, confirming that all funds remain secure.

Community Reaction and Warnings

The crypto community quickly raised phishing alerts, warning others to stay cautious. Still, some traders fell for the fake “Sir Pancake” token, losing between $8,000 and $13,000 before the scam was exposed.

PancakeSwap’s CAKE price jumped 15%

Despite the hack news on PancakeSwap’s official Chinese X account, the platform’s token CAKE has jumped 15% in the past 24 hours, trading above $4.50. The news hasn’t scared investors, as PancakeSwap’s market cap has climbed to $1.47 billion, with trading volumes crossing $1.18 billion.

This strong price action shows that demand for DeFi tokens remains high. Many traders still trust PancakeSwap, especially because the team quickly addressed the hack

On top of that, its new product launches and regular token burns are giving investors more reasons to stay bullish, even with short-term risks in play.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

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