PancakeSwap’s Chinese X account hacked to promote meme coinCAKE price unfazed
Crypto scammers have hijacked the official Chinese-language X account of PanCakeSwap to promote a dubious meme coin dubbed “Sir Pancake.”
- 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 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.
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.
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.
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.
You may also like
Ethereum network sees 62% drop in fees: Is ETH price at risk?

SOL Price Forecast: Solana Enters a New Phase with Network Enhancements and Market Fluctuations
- Solana's 2025 upgrades (Firedancer, Alpenglow) enable 1M TPS and 5,200x cheaper transactions, boosting institutional adoption. - TVL rebounded to $8.8B with 32.7% QoQ growth, supported by Bitwise ETF and 7% staking yields attracting institutional capital. - Fed's December 2025 rate cut and QT cessation create favorable macro conditions, historically correlating with crypto gains. - Technical indicators (RSI 42.5, bullish MACD) suggest strategic entry above 200-day EMA ahead of December FOMC meeting. - In

Solana's Abrupt Price Swings and Institutional Reactions: Analyzing Core and Market Factors Behind the Decline and Reviewing Long-Term Value
- Solana (SOL) plummeted 14% in late 2025 due to weak on-chain metrics, 7.5% inflation, and waning memecoin demand. - Institutional investors maintained 1% SOL treasury holdings and $101.7M ETF inflows despite macro risks and $19B crypto liquidations. - Alpenglow/Firedancer upgrades (1M+ TPS, 150ms finality) and 50-80% lower validator costs aim to strengthen Solana's infrastructure resilience. - Regulatory uncertainties (SEC ETF reviews, MiCA) and delayed $2.9B inflation reduction plan (2029) persist as sy

The Impact of Institutional Funding on Education and Workforce Training in Renewable Energy
- Institutional investors are boosting renewable energy education and workforce programs to drive long-term economic resilience and sustainability. - Global investments hit $386B in H1 2025, with education initiatives bridging skill gaps and enabling equitable clean energy transitions. - Case studies like Morocco’s 38% renewable electricity and Portugal’s green skills programs highlight education’s role in job creation and sector growth. - Education and green finance synergies in RCEP and U.S. $265B 2024 i

