Pancakeswap Warns Its Community About Event Log Scams

Twitter icon  •  Published há 1 ano  •  Hassan Maishera

The Pancakeswap team has warned its community to be careful about event log scams.

The Pancakeswap team has warned its community to be careful about event log scams. The team said scammers are abusing Event Logs to falsify the transfers displayed on trackers like BscScan or Debank. These tokens are NOT issued by the Pancakeswap contract, as anyone can submit anything in the transaction event logs.

Hence, Pancakeswap urged its community members to desist from browsing the link displayed in airdrop tokens.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by more than 1% today and is currently trading at $3.353.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.