- Pi Network has suspended its wallet request feature after a large-scale scam targeted users.
- Scammers exploited publicly visible balances and impersonated trusted contacts.
- PI is trading near $0.20 amid low liquidity and ongoing token unlocks.
Pi Network has temporarily disabled its wallet payment request feature in response to a surge of sophisticated scams that have resulted in the loss of millions of PI tokens from user wallets.
The move, announced by the Pi Core Team on the social platform X, came as attackers increasingly abused the platform’s payment request function to trick users into approving fraudulent transfers.
On-chain data shared by community observers and reporting outlets indicates scammers have siphoned more than 4.4 million PI by sending deceptive payment requests to holders with large balances.
One scammer address was reported to receive hundreds of thousands of tokens each month throughout 2025.
Tokens approved via these requests are transferred instantly to the attacker’s wallet and cannot be reversed, leaving victims with no recourse once a transfer is authorized.
The Pi Core Team emphasized that the issue stems from social engineering rather than a flaw in the network protocol.
Because wallet addresses and balances are publicly visible on the Pi blockchain, criminals can identify high-value wallets and impersonate trusted contacts, friends, moderators, or even official accounts to persuade users to authorize transfers.
To curb further losses, the network has disabled the payment request feature across its ecosystem while it evaluates possible protections.
The suspension is intended to be temporary, but the team has not announced a specific timeline for restoring the function.
Meanwhile, community moderators and security advocates are urging users to reject all unsolicited payment requests.
Scam tactics and broader security concerns
Experts and user reports indicate the scams are part of a wider uptick in schemes targeting Pi users.
Scammers cast a wide net, from phishing links promising fake airdrops or promotional discounts to fraudulent portals requesting wallet credentials or private keys, which can lead to full account takeover.
The Pi Core Team has repeatedly warned users not to share sensitive information or interact with unverified links circulating on social media and messaging platforms.
While Pi Network itself is not widely labeled a scam by independent analysts, its rapid growth, mobile-centered model, and referral-based incentives have drawn attention and made its large user base an attractive target for fraudsters.
Users are advised to stick to official communication channels and exercise caution when interacting with unverifiable contacts.
Impact on the PI token price
The suspension of payment requests comes amid mixed sentiment around the PI token’s market performance.
Although price forecasts for Pi remain optimistic in some analyses, the token is currently trading near $0.20, up only about 1% over the past two weeks.
Notably, the PI price has been pressured by low liquidity and ongoing token unlocks, with significant amounts entering circulation in recent months.
The token has struggled to absorb the additional supply, and daily trading volumes remain moderate.