According to Foresight News, Zama co-founder and CEO Rand has issued a warning regarding a fraudulent token on PancakeSwap. Rand clarified that there is currently no official Zama token, and the one listed on PancakeSwap is a scam. The fraudulent token has reached a fully diluted valuation of $60 million, posing a significant risk to investors. Rand urged caution to prevent financial losses.