PancakeSwap (CAKE)
The hack occurred when scammers created a fake version of the PancakeSwap website and tricked users into entering their private keys and seed phrases. This allowed the scammers to gain access to the users funds and steal them.PancakeSwap quickly took action to address the issue and warned users about the phishing website. They also implemented additional security measures to prevent similar incidents in the future.It is important for users to always be cautious and double-check the website URL they are visiting. They should also never share their private keys or seed phrases with anyone, as this information is used to access their funds.PancakeSwap has since regained the trust of its users and continues to be a popular decentralized exchange on the Binance Smart Chain. They have a strong community and are constantly working on improving the platform security and features.
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