Overview
- The feature is disabled network-wide on a temporary basis as the Core Team assesses additional safeguards, with no timeline set for restoration.
- Pi Network says the incidents stem from social engineering and impersonation rather than a flaw in the protocol.
- Community observers report more than 4.4 million PI siphoned, including a single wallet that received over 838,000 PI in December.
- Community moderators advise users to reject all payment requests regardless of the sender’s claimed identity.
- The PI token trades near $0.20 under pressure from low liquidity and recent unlocks of roughly 105 million PI in December.