The Pancakeswap team informed its community via Twitter on Monday that they should be wary of fake websites. The team said PancakeSwap is not associated with any other website with a similar project name or domain. It urged its community members to always check the URL and domain name carefully to avoid becoming victims to scam platforms.
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 1% today and is currently trading at $3.949.