Analysis: The trading competition held by PancakeSwap in July is suspected to have insider operations

Odaily Planet Daily News PancakeSwap claims that the winners of its July transaction competition were randomly selected, but blockchain records show that about half of the 1,700 award-winning wallets belong to interrelated wallet clusters. The competition is the second event of its kind held by PancakeSwap, where investors earn points by trading five Binance Alpha project tokens, including League of Traders (LOT), Bedrock DAO (BR), MilkyWay (MILK), NodeOps (NODE) ​​and Moonveil (MORE). The total value of the competition prize pool is $250,000. Cointelegraph survey found that at least 850 award-winning wallets were funded by other award-winning wallets that were transferred to each other BNB for volume trading to meet the threshold requirements. League of Traders representatives said that the wallets were directly related to each other and were selected, with the probability of consecutive occurrences close to zero, the prize allocation was not fair, and the winners seemed to be "manually selected" rather than randomly drawn. (Cointelegraph)