Investigation: Half of PancakeSwap's 'Random' Winners Appear to be Related

PANews reported on September 12th that, according to Cointelegraph, a trading competition hosted by PancakeSwap, which was supposed to randomly award winners, revealed that blockchain records show that approximately half of the 1,700 winning wallets were interconnected. This was the second such event, in which investors earned points by trading tokens from five sponsors of Binance's Alpha program (League of Traders, Bedrock DAO, MilkyWay, NodeOps, and Moonveil) on PancakeSwap. The event description stated that winners who reached a three-tier trading volume threshold would enter a "random lucky draw." However, the media outlet discovered that at least 850 winning wallets were funded by other winning wallets, who transferred BNB to each other, trading the sponsor's tokens to reach the trading volume threshold, and then repeated the process with the next wallet. A representative from the League of Traders stated that these wallets were directly connected and selected, making the probability of this happening repeatedly almost zero.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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