{"id":407442,"date":"2025-10-08T15:25:07","date_gmt":"2025-10-08T09:55:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/pancakeswaps-chinese-x-account-hacked-to-push-scam-coin-native-token-defies-drop-crypto-news\/"},"modified":"2025-10-08T15:38:20","modified_gmt":"2025-10-08T10:08:20","slug":"pancakeswaps-chinese-x-account-hacked-to-push-scam-coin-native-token-defies-drop-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pancakeswaps-chinese-x-account-hacked-to-push-scam-coin-native-token-defies-drop-crypto-news\/","title":{"rendered":"PancakeSwap\u2019s Chinese X Account Hacked to Push Scam Coin, Native Token Defies Drop &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">PancakeSwap&#8217;s Chinese X account was hacked to promote a scam meme coin token.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">CAKE token&#8217;s price remains largely unaffected.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Security experts noted weak user security awareness and phishing as key reasons.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named &#8220;Mr. Pancake.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Despite the security breach, the platform&#8217;s native token, CAKE, remains up 6.4% over the past 24 hours after reaching an intraday high of $4.50. It has since cooled to $4.30 according to CoinGecko data.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The official account posted an <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PancakeSwap\/status\/1975790495910797557\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">update<\/span><\/a><span style=\"font-weight:400\"> stating that they are \u201cactively working with the X team to resolve the issue,\u201d while their earlier <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PancakeSwap\/status\/1975720982813024625\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">tweet<\/span><\/a><span style=\"font-weight:400\"> warned users not to click any links from the compromised account.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/will-metamask-launch-its-token-before-november\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The incident highlights a persistent vulnerability for major crypto projects and their social media accounts, with Binance-related projects becoming a target.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Last week, BNB Chain\u2019s X account was compromised, <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\"> previously <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/342364\/bnb-chain-x-account-compromised-binance-founder\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">reported<\/span><\/a><span style=\"font-weight:400\">, prompting Binance co-founder CZ to warn users.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;The BNB meme coin market is very hot these days,&#8221; Sh\u0101n Zhang, chief information security officer at blockchain security firm Slowmist, told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">, making the ecosystem a lucrative target for scammers seeking to exploit its user base.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">A key reason these attacks are so frequent is that &#8220;social media accounts are easily hacked because many controllers have weak security awareness and are susceptible to phishing attacks,&#8221; Zhang explained.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">This human vulnerability is the critical weakness. Alex Katz, CEO of cybersecurity firm Kerberus, told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;People are easy to target. This is why so many of them get compromised regularly, from an employee managing a company&#8217;s social media to a SAFE developer,&#8221; he added.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The tactics used by attackers are also becoming more sophisticated. \u201cWe have, over the last year, seen a 60% increase in incidents where this sort of AI-related phishing or scams where AI deepfake technology has been used,&#8221; Slava Demchuk, a cybersecurity expert and CEO of blockchain analytics firm AMLBot, told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">He warned that technology is becoming widely accessible. \u201cFraudsters are actively marketing real-time AI deepfake face spoofing, which is peddled in Telegram rooms and dark markets,\u201d he added, warning that \u201cthis kind of tech is already within reach for even beginner scammers.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">To prevent future incidents, experts advise a disciplined, multi-layered approach.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Zhang&#8217;s key recommendations included strengthening security by enabling two-factor authentication and using strong, unique passwords, while simultaneously improving user awareness to avoid sharing credentials or reusing passwords across platforms.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Katz, however, emphasized that the onus is on companies to enforce these protocols.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;Companies should ensure that basic security measures are the norm,&#8221; he stated, specifically recommending 2FA without a linked phone number to prevent SIM-swapping attacks.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\"> reached out to PancakeSwap and Binance for official comment and will update the story accordingly.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In brief PancakeSwap&#8217;s Chinese X account was hacked to promote a scam meme coin token. CAKE token&#8217;s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named &#8220;Mr. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":403926,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-407442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=407442"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407442\/revisions"}],"predecessor-version":[{"id":407443,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/407442\/revisions\/407443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/403926"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=407442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=407442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=407442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}