Overview

• PancakeSwap confirmed on Oct. 8 that its Chinese-language X account was compromised and urged users to avoid any links from the profile.
• The hijacked account promoted a fraudulent meme coin that community reports and Dexscreener data say drew roughly $45 million in trading shortly after launch before dropping sharply.
• CAKE traded around $4.30 after touching an intraday high near $4.50, showing limited immediate impact from the incident, according to CoinGecko.
• Security researchers attributed such takeovers to phishing and weak operator practices, while AMLBot reported a 60% year-over-year rise in AI-enabled phishing and deepfake scams.
• Last week’s compromise of BNB Chain’s X account highlights a recurring pattern of attackers exploiting official crypto project profiles.