Pi Network Denies Payment Freeze Amid Token Theft Reports

Pi Network Denies Payment Freeze Amid Token Theft Reports

Key Points:

  • Pi Network denies freezing payments post-token theft reports.
  • No verified financial impact reported.
  • Emphasizes security measures against scam activities.

Pi Network has disputed reports alleging a freeze on payments following a significant token theft, offering reassurance on the network’s security. Official statements deny these incidents and emphasize ongoing vigilance against scams.

The report concerning Pi Network claimed a “freeze of all payments” after a multi-million token theft, which has been refuted by the organization. The Pi Core Team issued a statement highlighting that these accusations are unsubstantiated by primary sources. Emphasizing a stance against unauthorized activities, the Pi Network has denied any direct connection to the alleged incidents. Observers noted no statements from Pi Network’s founders, Nicolas Kokkalis and Chengdiao Fan, on social media regarding this matter.


The Pi token (PI) remains unaffected in market terms; however, the announcement has raised awareness about potential scam-related risks. The emphasis on verified and secure transactions remains a priority. As the crypto industry evolves, maintaining transparency regarding security measures is crucial. Pi’s safety initiatives reiterate the commitment to protecting its community against unauthorized and fraudulent actions. Historical trends in fraud prevention within digital assets highlight the necessity of rigorous checks and community education. Clear regulations may bolster network trust and financial protection, experts suggest.

“We are reiterating our vigilance against scams post-Open Network launch; we deny affiliation with illegal activities and promote the Pi Safety Center.” – Pi Network, Safety Notice Announcement, source

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