Pi Network Freezes Payments After $4.4M Scam Hits Users

Pi Network halted wallet payment requests after scams drained over 4.4 million PI tokens. The pause is temporary as security is reviewed. Users are urged to reject all payment requests and stay vigilant.

Pi Network has temporarily suspended its wallet payment request feature after a surge in scams led to the loss of over 4.4 million PI tokens from user accounts. The scams exploited the payment request function, with attackers identifying high-balance wallets via the public blockchain and impersonating trusted contacts to trick users into approving fraudulent transfers. Once approved, these transfers are irreversible. The Pi Core Team emphasized that the issue stems from social engineering rather than a protocol flaw. The suspension is temporary as the team investigates and works on enhanced security measures. Users are urged to reject all unsolicited payment requests and remain vigilant against phishing links and counterfeit portals. The incident has affected market sentiment, with the PI token trading around $0.20 amid low liquidity and recent token unlocks. The community is being advised to use only official channels and to exercise caution while the feature remains disabled.