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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 08, 2025 06:14 UTC
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PancakeSwap Confirms X Account Hack After Fake ‘Sir Pancake’ Token Scam
PancakeSwap’s Chinese X account hacked, promoting fake “Sir Pancake” token with $20M volume.
Hackers used phishing tactics and fake websites, tricking users with domain swaps and wallet approvals.
PancakeSwap confirmed no funds lost, quickly deleted fake posts, and warned its global community.
Despite hack news, CAKE price surged 15%, hitting $4.50 with strong trading activity.
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.
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.
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FAQs
Yes, the platform is safe. The hack was limited to a social media account, and no user funds or platform smart contracts were ever at risk.
No, the CAKE token price rose 15% despite the news, showing strong investor confidence, as the breach did not impact the underlying protocol or user funds.
Always verify official links through multiple sources, be wary of unexpected airdrop announcements, and never connect your wallet to unverified websites.
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