• Following a large-scale rip-off focusing on customers, Pi Community has stopped requesting wallets.
• Fraudsters exploit public balances and impersonate trusted contacts.
• PI is buying and selling round $0.20 amid low liquidity and token unlocking.

Pi Community has briefly disabled the pockets’s cost request performance in response to a surge in refined fraudulent exercise that has resulted within the lack of tens of millions of PI tokens from customers’ wallets.

The transfer, introduced by the Pi Core crew on social platform X, comes as attackers more and more abuse the platform’s cost request performance to trick customers into approving fraudulent transfers.

In keeping with on-chain knowledge shared by neighborhood observers and information retailers, fraudsters siphoned off greater than 4.4 million PIs by sending false cost requests to holders with giant balances.

One single fraudster deal with reportedly obtained a whole bunch of 1000’s of tokens each month all through 2025.

Tokens accredited via these requests are instantly moved to the attacker’s pockets and can’t be retrieved. Which means that as soon as the switch is accredited, the sufferer has no recourse.

The Pi Core crew emphasised that the problem was because of social engineering slightly than a flaw within the community protocol.

As a result of pockets balances and addresses are public on Pi’s blockchain, malicious actors can establish high-value wallets and impersonate trusted contacts, mates, moderators, and even official accounts to get customers to approve transfers.

To restrict additional losses, the community has disabled cost request performance throughout its ecosystem whereas evaluating potential safeguards.

The outage is meant to be momentary, however the crew has not but introduced a particular timeline for restoring performance.

Within the meantime, neighborhood moderators and security advocates are urging customers to say no all unsolicited cost requests.

Fraud techniques and broader safety issues

Knowledgeable and person experiences point out that these scams are a part of a broader enhance in fraudulent schemes focusing on Pi customers.

Fraudsters have solid a large internet, from phishing hyperlinks claiming faux airdrops and worth promotions to faux portals requesting pockets credentials and personal keys, which may result in full account takeover.

Pi Community’s core crew has repeatedly warned in opposition to sharing delicate info or participating with unverified hyperlinks circulating on social media and messaging platforms.

Whereas Pi Community itself just isn’t broadly thought-about by unbiased analysts to be an outright rip-off venture, its speedy development, mobile-centric mannequin, and referral-based incentives have drawn intense scrutiny, and its giant person base has made it a goal for scammers.

Customers are suggested to strictly adhere to official communication channels and use excessive warning when interacting with unverifiable contacts.

Influence on PI token worth

The suspension of cost requests comes amid combined sentiment surrounding the market efficiency of the PI token.

Worth predictions for the Pi token stay optimistic, nonetheless, as it’s at present buying and selling across the $0.20 stage, up simply 1% in two weeks.

Particularly, the worth of PI Coin has been pressured by low liquidity and continued token unlocking, with important quantities circulating in latest months.

The token has struggled to soak up further provide, with each day buying and selling volumes remaining reasonable.