pancakeswap

In response to rumors regarding the attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap's official announcement stated that the platform has noted the news related to this security incident. After preliminary verification, PancakeSwap's own smart contracts do not have security vulnerabilities. The project team is still continuously investigating the complete causes of the incident and will promptly share the latest investigation progress once more clues are obtained. Meanwhile, the official reminds users that all relevant event information should be based on content released through PancakeSwap's official channels.

According to monitoring by PeckShield, the OLPC/LABUBU liquidity pool on PancakeSwap on the BNB Chain was attacked, with the attacker stealing assets worth approximately $1.1 million. After the incident, the attacker transferred the stolen funds across chains to Ethereum and subsequently deposited 633.4 ETH into the mixing protocol Tornado Cash. In addition, the attacker sent 0.0221 BNB and 0.0411 ETH to an abandoned address, and the details of the attack and the flow of funds are still being tracked.

According to BlockSec monitoring, the PancakeSwap BCE-USDT pool on the BSC chain was attacked a few hours ago, resulting in a loss of approximately $679,000. The root cause lies in the flawed destruction mechanism of the BCE token.The attacker deployed two malicious contracts to bypass trading restrictions and trigger the destruction of tokens within the pool, profiting approximately $679,000 by manipulating the reserves in the BCE-USDT pool.

The DeFi project AiFi has announced the early minting of 3,000 community phase NFT lucky cards, which will officially launch on the PancakeSwap V2 liquidity pool at 19:18 Beijing time on March 20, 2026.According to the mechanism set by the official, AiFi adopts a dual-mode structure of "NFT equal rights LP dividends and NFT-backed redemption." Currently, the initial liquidity of its lucky card NFTs has been sent to a black hole address (0x00DEAD) for destruction and locking to reduce human intervention. After the project officially launches, users can participate in dividends by adding USDT liquidity through PancakeSwap, and NFTs and LPs will be included in the same pool for equal distribution.It is reported that AiFi is positioned as a new generation DeFi ecological engine, aiming to achieve a positive cycle of value accumulation, market liquidity, and long-term dividends through community consensus and on-chain rules, combined with NFT rights and LP liquidity systems.

In response to Curve Finance's accusation that PancakeSwap appears to have used Stableswap code without permission and borrowed security practices to ensure the safety of user funds, violating its open-source license agreement, PancakeSwap issued a statement indicating that it will directly contact the Curve Finance team to discuss the matter.

Curve Finance posted on platform X that PancakeSwap seems to have used Curve's code without permission, violating its open-source license agreement. Curve Finance stated that such actions are not only illegal but have historically proven to be unwise in other respects.Curve Finance also pointed out that if PancakeSwap wishes to legally use its Stableswap feature and draw on its security practices to ensure user fund safety, they can still reach out through licensing or collaboration.

According to official news, the proposal to reduce the maximum supply of PancakeSwap's native token CAKE has been approved with 100% of the votes.It is reported that the proposal suggests adjusting the maximum supply of CAKE from 450 million to 400 million, leaving a buffer of approximately 50 million between the current circulating supply (about 350 million) and the new maximum supply (400 million).

The PancakeSwap governance forum shows that the PancakeSwap team has proposed to reduce the maximum supply of CAKE tokens from 450 million to 400 million.The PancakeSwap team stated that since September 2023, CAKE has been in a deflationary state, and this trend is expected to continue. The team has accumulated approximately 3.5 million CAKE as a growth fund for the ecosystem, which will be prioritized for protocol development needs, making it less likely for the protocol to return to an inflationary state.The proposal will enter the voting phase after community discussion, and if approved, it will reduce the maximum supply cap by 50 million CAKE.

According to market news, the unknown smart contract MSCST on the BSC chain suffered a flash loan attack, resulting in an estimated loss of about $130,000.The vulnerability originates from the lack of access control (ACL) in the releaseReward() function of the MSCST contract, allowing attackers to manipulate the price of GPC tokens in the PancakeSwap liquidity pool (0x12da).

According to Decrypt, Senator Elizabeth Warren publicly warned this week in a letter about the potential national security risks associated with decentralized exchanges (DEX), specifically pointing out the trading of the stablecoin USD1 linked to Trump and its connection to funds stolen by North Korean hackers.Warren noted that on-chain cryptocurrency users can utilize DEX without strict anti-money laundering controls, such as KYC disclosures, which allows them to "use decentralized platforms to transfer, mix, and cash out illegal funds."Previously, Warren also criticized the cryptocurrency lobbying industry and issued a warning regarding the GENIUS Act focused on stablecoins: the cryptocurrency regulation under consideration at the time "greatly fueled President Trump's corruption," and called for an investigation into the TRUMP meme coin launched in January.

According to CoinDesk, U.S. Senator Warren has called for a national security investigation into a segment of the cryptocurrency space, specifically expressing concerns about the decentralized exchange PancakeSwap. She stated that the exchange is attempting to inflate the token issued by World Liberty Financial (WLFI), which is associated with President Trump.In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi on Monday, Warren indicated that the exchange operates on multiple blockchains and is a major protocol on the Binance Smart Chain. She requested an examination of whether it is linked to "any improper political influence exerted by the Trump administration on law enforcement decisions," asking the two to investigate this, which echoes her similar request regarding WLFI from last month.Warren is a senior Democrat on the Senate Banking Committee, which must revise and approve legislation before it can be voted on by the broader Senate. Since a significant portion of her Democratic colleagues on the Senate Banking Committee have agreed to negotiate with Republicans on a cryptocurrency market structure bill, Warren has largely been excluded from the committee's negotiations on crypto legislation.

PancakeSwap announces the launch and incubation of the on-chain prediction market platform Probable, which is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on the BNB Chain.According to reports, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, on-chain settlement, and a simplified user experience. Initially, the platform will not charge prediction fees, leveraging the low-cost and high-performance infrastructure of the BNB Chain to support users in predicting the trends of crypto assets, global events, sports events, and certain regional specialty markets.On the mechanism level, Probable uses UMA's Optimistic Oracle as the event adjudication tool, achieving result confirmation through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. Additionally, users can recharge with any token, and the system will automatically convert it to USDT on the BNB Chain for participation in predictions, lowering the operational threshold.PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.

PancakeSwap posted on social media that it will soon release positive news.

According to data from DefiLlama, the total DEX trading volume surged to a historic high of $613.3 billion in October, up from nearly $500 billion in September. Among them, Uniswap topped the list in October with a trading volume of $170.9 billion, an increase from $106.5 billion in September. PancakeSwap ranked second with a trading volume of $101.9 billion, up from $79.8 billion the previous month.On the other hand, CEX trading volume also reached a new high in October, hitting $2.17 trillion, the highest level since January 2025. The trading volume in October grew by about 28% compared to $1.69 trillion in September. Binance recorded a trading volume of $81.04 billion last month, maintaining its position as the largest trading platform globally, up from $63.65 billion in September. (The Block)

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the decentralized exchange PancakeSwap has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include cryptocurrency trader Loomdart(@loomdart), Block Mr. (@mrblocktw), and cryptocurrency analyst Phyrex(@Phyrex_Ni).In addition, the projects that X top figures have unfollowed the most also include Bless, Limitless, and time.fun.

ChainCatcher news, the "Binance People" token ($Binance People) plans to officially launch on the PancakeSwap platform.It is reported that this token is issued based on community consensus with the vision of "Binance Life," aiming to pay tribute to participants in the crypto space and establish a value connection with BNB holders and BSC ecosystem builders.As a symbol of community consensus, the "Binance People" token emphasizes the recognition of contributions from every builder and is committed to creating a more identity-driven cultural identity in the crypto world.

ChainCatcher message, PancakeSwap disclosed on platform X that its Chinese account @PancakeSwapzh has been compromised. Please do not click on any recent links or interact with posts. The team is investigating and resolving this issue. Updates will only be shared through the official account @PancakeSwap.It is reported that the hacker promoted a meme coin called "Mr. Pancake" through @PancakeSwapzh this morning, and the related tweets have been deleted.

ChainCatcher news, according to official sources, the total locked value (TVL) of the USDT/DUSD stablecoin trading pair on the PancakeSwap exchange on the BNB Chain has tripled in 7 days, making it the largest liquidity pool on the chain.