PancakeSwap Pauses Its Weekly CAKE Burn for a Security Overhaul
@PancakeSwap is delaying its weekly automatic buyback and burn of trading fees until Monday, November 16.
The delay is to implement necessary infrastructure and contract security improvements.
This is due to an increase in hacks in other protocols through smart contract exploitation.
Meanwhile, the protocol has stated that there is no security threat to users' wallets, liquidity pools, or trading.
They are upgrading the architecture of their fee-routing smart contract to make the system more secure. The $CAKE burns from this week will be carried out during next week's buyback.