Pi Network has temporarily suspended wallet payment requests after a surge in scams targeting accounts with high PI balances. Attackers used social engineering techniques, impersonating trusted contacts to trick users into approving token transfers, rather than exploiting protocol vulnerabilities. Once approved, transfers are irreversible, prompting the network to intervene to prevent further losses.
Community reports indicate coordinated scams, with one wallet reportedly receiving over 838,000 PI in December 2025. Overall, users have lost millions of tokens throughout the year. The Pi Core Team emphasized that losses occur only when users approve requests and advised rejecting all incoming requests regardless of the sender’s identity.
The pause comes amid broader network developments, including AI-enhanced KYC processes and a hackathon highlighting new ecosystem initiatives. Despite these efforts, PI trades near $0.20, pressured by low liquidity and ongoing token unlocks, leaving market participants cautious. Analysts expect the token to remain range-bound without a sustained improvement in user adoption and investor confidence.
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