Exclusive: Half of PancakeSwap’s ‘random’ prize winners appear connected

PancakeSwap claims its trading competition winners were selected randomly, but blockchain records suggest over half of them belong to a cluster of linked wallets.

PancakeSwap’s trading competition was supposed to reward random winners, but blockchain records show that about half of the 1,700 winning wallets are part of connected clusters.

The competition was the second of its kind and structured for investors to earn points by trading the tokens of five sponsors from the Binance Alpha program: League of Traders (LOT), Bedrock DAO (BR), MilkyWay (MILK), NodeOps (NODE) and Moonveil (MORE).

To accumulate points, the trades had to be conducted on PancakeSwap, the top decentralized exchange (DEX) by total value locked on the Binance-founded BNB Chain. 

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