Pancakeswap, one of the greatest decentralized exchanges (DEX) on Binance Smart Chain (BSC), confirmed that its X account in Chinese language, @pancakeswapzh, had been compromised on Wednesday, October 8.
The incident coincided with the launch of the room even BSC on the Dex, and the bad actor took advantage of the frenzy to peddle a scam token.
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BSC same corner mania attracts crooks – but the core of pancakeswap remains strong
The incident sparked urgent warnings to users in the midst of a frenzy surrounding the growing activity of BSC coins.
The team issued an alert via its official identifier in English. He warned subscribers not to click on recent links or to interact with the publications of the Compromise account.
In a follow -up, Pancakeswap confirmed that he was working directly with the X security team to restore control.
The compromise account would have promoted a fraudulent coin nicknamed “Mr. Pancake”. Despite the violation of social networks, the main operations of Pancakeswap are not affected.
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The Beincryptto tracker shows that his native token, Cake, has won almost 16 % in the last 24 hours. The token was exchanged at $ 4.52 when writing these lines.
The Pancakeswap violation follows a similar incident last week. The official X account of BNB Chain was compromised, which prompted the co-founder of Binance, CZ, to warn users to be extremely cautious.
Meanwhile, the breach coincides with a new speculative madness on Binance Smart Chain, led by the explosive climb of the token meme BSC.
Beincrypto reported that the same part was launched on Pancakeswap and has gone from less than a million dollars to more than $ 32 million in market capitalization in a few hours.
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Pancakeswap did not link to the launch of the same room. Nevertheless, timing arouses concerns about increasing security risks in a context of increased excitation on the market.
The attackers often use these moments, diverting verified accounts to publish phishing links or promote the launch of false tokens targeting investors focused on FOMO.
Pancakeswap prices prices while Cake recovers the summits of December 2024
The data on TradingView shows that the Cake Prize has found its December 2024 summit at $ 4.515 following the recent increase. It propelled the Pancakeswap token in the discovery of prices, with extra prospects for earnings.
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Meanwhile, the bullish volume profiles (green horizontal bars) show that the bruises keep control after the price of the cake exceeded the ascending parallel canals. With hindsight, the break was exacerbated by the break in the resistance level of $ 3.416, a new test providing the entry point for late cake bulls.
Consequently, $ 3.416 remains critical in the event of a correction, the RSI indicator (relative Strength Index) showing that Cake is already massively over-going over 70.
Beyond $ 3.416, the support level of $ 2,955 is also critical. Depending on the basse volume profiles (black horizontal bars), the lowering of the lowering is to interact with the cake price below this point.
However, to confirm a trend reversal, the price of the cake must break and close below the level of support of $ 1.634, where the upward trend started in April.
