- Pi Network disables wallet payment requests after large-scale scams target users.
- Scammers exploit public balances and impersonate trusted contacts.
- PI trades around $0.20 amid low liquidity and token unlocks.
Pi Network has temporarily disabled its wallet payment request feature in response to a wave of sophisticated scams that have resulted in the loss of millions of PI tokens from users’ wallets.
The move, announced by the Pi Core Team on the social platform X, comes as attackers increasingly exploit the platform’s payment request functionality to trick users into approving fraudulent transfers.
On-chain data shared by community observers and reporting outlets indicates that scammers have siphoned off more than 4.4 million PI by sending misleading payment requests to holders with large balances.
One scammer address reportedly received hundreds of thousands of tokens each month throughout 2025.
Tokens approved via these requests are moved immediately to the attacker’s wallet and cannot be reversed, leaving victims with no recourse once a transfer is approved.
Pi Core Team emphasized that the issue is the result of social engineering rather than a flaw in the network’s protocol.
Because wallet balances and addresses are publicly visible on Pi’s blockchain, malicious actors can identify high-value wallets and impersonate trusted contacts, friends, moderators, or even official accounts to persuade users to approve transfers.
To limit further losses, the network has disabled the payment request feature across the ecosystem while it assesses potential security measures.
The suspension is intended to be temporary, but the team has not yet provided a specific timeline for restoring the feature.
In the meantime, community moderators and security advocates are urging users to reject any unsolicited payment requests.
Scam tactics and broader security concerns
Experts and user reports indicate that these scam campaigns are part of a wider increase in deceptive schemes targeting Pi users.
Scammers are casting a wide net, using phishing links that claim fake airdrops or price promotions, along with forged portals that request wallet details or private keys—actions that can lead to full account takeovers.
The Pi Network core team has repeatedly warned users not to share sensitive information or engage with unverified links circulated on social media and messaging platforms.
While independent analysts do not broadly classify Pi Network itself as a fraudulent project, its rapid growth, mobile-first model, and referral-based incentives have attracted attention and made its large user base a target for scammers.
Users are advised to stick strictly to official communication channels and exercise heightened 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, the token is currently trading around the $0.20 level, up only about 1% over the past two weeks.
PI’s price has been weighed down by low liquidity and ongoing token unlocks, with significant amounts entering circulation in recent months.
The token has struggled to absorb the increased supply, and daily trading volumes remain moderate.