PancakeSwap Chinese Account Compromised in Phishing Attack

TLDR

• PancakeSwap’s Chinese X account was hacked on October 8, 2025.
• Users lost between $8,000 and $13,000 due to phishing.
• PancakeSwap assures no user funds were impacted by the breach.

PancakeSwap’s official Chinese X (Twitter) account was compromised on October 8, 2025. The attackers used the account to promote a scam coin known as “Sir Pancake.” This incident involved phishing tactics and fake websites to deceive users into approving fraudulent wallet connections.

The breach specifically targeted the Chinese social media account of PancakeSwap. Among the primary entities involved are the PancakeSwap core team, who operate the official account and responded to the attack.

PancakeSwap Responds to Account Compromise

In their response, PancakeSwap announced that the attack did not impact user or platform funds. Following the breach, they issued a statement confirming that the hack was contained to their Chinese X account. Fake posts have been removed, and users were warned to rely only on official announcements.

PancakeSwap’s team is enhancing account security protocols. Changpeng “CZ” Zhao, Binance founder, issued public warnings about such phishing techniques.

Phishing Techniques and Victim Impact

Attackers employed phishing-as-a-service using domain mimicry. These methods resemble tactics traced to the “Inferno Drainer” group, known for wallet-draining scams.

As a result of the scam, users who engaged with the fraudulent links faced losses estimated between $8,000 and $13,000. Although no platform assets were affected, these losses highlight the risks of such attacks.

“Do NOT connect your wallet. Always check the domains very carefully, even from official X handles. Stay SAFU!”

CZ, Founder, Binance

Security Measures in Place

Previous incidents, including a hack on the BNB Chain X account, underline the need for increased vigilance across the sector. In such cases, high-profile figures like CZ offer guidance and caution.

PancakeSwap’s team has committed to ongoing investigations and user notifications. The event has not resulted in noticeable shifts in PancakeSwap’s total value locked (TVL) or liquidity pools. However, trading volumes of their governance token, CAKE, and other assets involved have experienced fluctuations.

Community Response and Security Tips

Cryptocurrency community members have swiftly shared phishing alerts and domain spoofing warnings on social media. PancakeSwap also promised no user funds would be affected, reinforcing their commitment to user safety.

Statements from notable industry figures stress the importance of checking domain authenticity, enhancing account security, and being cautious with wallet connections.