In short
- The Chinese X account of Pancakeswap was hacked to promote a scammingMeme -Muntdoken.
- The price of cake token remains largely unaffected.
- Security experts saw a weak consciousness of user security and phishing as important reasons.
The official Chinese X account of decentralized exchanges of exchanges WAP was hacked on Tuesday, used to promote a fraudulent meme -Munt called “Mr. Pancake”.
Despite the security breach, the native token of the platform, cake, continues to rise 6.4% for the past 24 hours after reaching an intraday height of $ 4.50. Since then, according to Coingecko data, it has cooled to $ 4.30.
The official account has a update It says that they ‘actively collaborate with the X team to solve the problem’, while their earlier their earlier tweet Warned users not to click on links of the compromised account.
The incident emphasizes persistent vulnerability for large crypto projects and their social media accounts, with Binance-related projects becoming a target.
Last week the X account of BNB Chain was compromised, Decrypt earlier reportedThat co-founder of Binance CZ appeals to warn users.
“The BNB Meme Coin market is very hot nowadays,” said Shān Zhang, Chief Information Security Officer at Blockchain security company Slowmist, said DecryptMaking the ecosystem a lucrative target for scammers who want to operate its user base.
An important reason why these attacks are so frequent is that “social media accounts are easily hacked because many controllers have weak safety consciousness and are sensitive to phishing attacks,” Zhang explained.
This human vulnerability is the critical weakness. Alex Katz, CEO of CyberSecurity Firm Kerberus, said Decrypt
“People are easy to set up. This is why so many of them are regularly compromised, from an employee who manages the social media of a company to a safe developer,” he added.
The tactics used by attackers are also becoming more advanced. “In the past year we have seen an increase of 60% in incidents in which this type of AI-related phishing or scam in which AI DeepFake technology was used,” said Slava Demchuk, a cyber security expert and CEO of Blockchain Analytics Firm Amlbot, said told Decrypt.
He warned that technology will be accessible on a large scale. “Frauders are active marketing of real -time AI Deepfake Face Spoofing, which is packed in telegram rooms and dark markets,” he added, warning that “this type of technology is already within reach for even beginners scammers.”
To prevent future incidents, experts advise a disciplined, multi -layer approach.
The most important recommendations of Zhang include strengthening security by making two-factor authentication possible and using strong, unique passwords, while at the same time user consciousness is improved to prevent references or reuse passwords about platforms.
However, Katz emphasized that the Onus is for companies to enforce these protocols.
“Companies must ensure that basic security measures are the standard,” he stated, in particular 2FA recommending without a linked telephone number to prevent SIM swapping attacks.
Decrypt Reached for Pancakeswap and Binance for official comments and will update the story accordingly.
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