Overview

• CZ cautioned on Oct. 20 that attackers are compromising personal and project profiles to post contract addresses or wallet-connect links that appear legitimate.
• He reminded users that official channels do not endorse specific meme tokens and urged verification of any contract address through trusted sources.
• Recent incidents include the BNB Chain X account breach used to push a “4” meme coin before a rug pull that reportedly netted about $4,000 for the attacker.
• PancakeSwap’s X account was hijacked on Oct. 8 to market a token called “Sir Pancake,” which reportedly saw roughly $20 million in early trading volume.
• Security experts recommend avoiding unsolicited wallet-connect prompts, enabling strong 2FA on social accounts, and recognizing that these scams rely on social engineering rather than blockchain vulnerabilities.