PancakeSwap delays trading-fee buyback and burn to Nov. 16 for security review

BNB Chain-based decentralized exchange PancakeSwap (CAKE) said it will delay this week’s buyback and burn using trading fees to Nov. 16 as it upgrades its infrastructure security design and conducts a comprehensive internal review. The platform said the preemptive step comes amid a rise in security incidents across DeFi and is necessary because the review affects the contract that processes trading-fee buybacks. PancakeSwap said the delayed buyback and burn will be carried over and executed in full, while this week’s burn of unused CAKE issuance will proceed as scheduled. It added that neither PancakeSwap nor user funds are affected, and trading, liquidity and all other products are operating normally.