Pi Network Warns Users About Fake Pi Coins Scamming Users

A time aft its mainnet and authoritative Pi coin were launched, Pi Network issued an authoritative informing to its assemblage astir unofficial Pi coin listings recovered connected decentralized exchanges (DEXs).

Till now, 9 centralized exchanges person listed Pi coin and readers tin cheque astir them here. The Pi Network has claimed that till present nary decentralised speech has listed the authoritative Pi coin.

The web warned users astir trading pairs listed connected these platforms due to the fact that they deficiency authoritative designation which makes them perchance fraudulent and unsafe for fiscal security.

As of February 20, 2025, Pi Network has launched its Open Network phase, allowing for outer connectivity. However, the authoritative Pi coin is presently disposable lone done businesses that person completed the “Know Your Business” (KYB) verification process. 

These verified businesses are authorized to clasp Pi Mainnet wallets and are listed connected Pi Network’s authoritative website. Users are powerfully advised to interact exclusively with these KYB-verified entities to guarantee the legitimacy and information of their transactions.

Previously, Pi Network has identified unauthorized Pi listings connected exchanges specified arsenic Huobi, which were not affiliated with the authoritative Pi Network and posed imaginable risks to users. 

To support your assets and guarantee a harmless acquisition wrong the Pi ecosystem, ever notation to the database of KYB-verified businesses connected the authoritative Pi Network website earlier engaging successful immoderate transactions.

Also Read: Pi Network Breaks Uniswap’s Record with $12.6B Airdrop