Fake PancakeSwap Apps Appear in the Android Store

The applications will ask for users’ seed phrases and defraud them of their crypto assets.

By
Utulu Hope
on
September 28, 2021
Category:
BSC News

A Warning to New Users 

PancakeSwap is the top Decentralized Exchange (DEX) on Binance Smart Chain (BSC). Notably, the DEX does not have a mobile application. Already, some perpetrators have created applications on the Google play store, imitating the popular DEX. 

Three fake PancakeSwap applications recently launched on the Google Play store, which Reddit user, R_PH, caught. All three counterfeit applications have the PancakeSwap’s emblem, including the same description. 

“My dear crypto friends, pay attention (especially for New user). If you have heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION,” the Reddit user warned users in post from September 27. “Today i opened Google play store to check some updates instead i encountered a “pancakeswap app.” 
Source

The creators launched all three applications to defraud users of their crypto assets by stealing their private keys. Thousands of users have downloaded the applications, and unfortunately, many users have already fallen victim to the fake application scam. 

One of such is Mohammed Usman, who regretted downloading one of the applications on Google Play. 

“Due to this app i lose all my coins. People please don't connect your wallet with it. It will ask seed phrase and password, once you enter it. It will transfer all your coins,” Usman commented on Google Play. 


Beware At All Times

It is essential to know that PancakeSwap DEX does not have an application, whether IOS or Android. With this in mind, we urge everyone to avoid downloading any of these applications. 

We hope this expository will go a long way towards reducing the number of victims. The best way to ride the applications from the Google Store is to report the malicious apps.

Below is a list of the links to the applications, so you don't download them if you eventually come across any and can report them.

BSC News advises that every user/reader take note of this scam to avoid becoming another victim. 


About PancakeSwap

PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others. 

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC. 

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

Tags:
Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer. He hodls mostly in Ethereum, BNB, and, Avax.

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