Pi Network has announced a temporary suspension of its wallet payment request feature due to a significant increase in fraud targeting its users. This move comes in response to sophisticated scams that have reportedly led to the loss of millions of PI tokens.
Suspension of Payment Requests
The suspension was communicated by the Pi Core team on the social media platform X, highlighting that attackers have been exploiting the payment request feature to trick users into approving fraudulent transfers. Reports indicate that scammers have manipulated more than 4.4 million PI tokens by sending misleading payment requests to users with substantial balances. One particular fraudulent address reportedly received hundreds of thousands of tokens each month throughout 2025.
Tokens approved through these requests are instantly transferred to the scammers’ wallets, rendering them irrecoverable once the transaction is authorized. The Pi Core team emphasized that the issue arises from social engineering tactics rather than a flaw in the network’s protocol.
As wallet balances and addresses are publicly visible on the Pi blockchain, malicious actors can easily identify high-value wallets and pose as trusted contacts, such as friends or official accounts, to convince users to authorize these transfers.
In an effort to mitigate further losses, the network has disabled the payment request function across its ecosystem while it assesses potential security enhancements. This suspension is intended to be temporary, though no timeline for restoring the feature has been provided. Meanwhile, community moderators and security advocates are urging users to reject unsolicited payment requests.
Fraud Tactics and Broader Security Concerns
Experts and user reports suggest that these scams are part of a wider increase in deceptive systems targeting Pi users. Fraudsters are casting a wide net, utilizing phishing links that promise fake airdrops or prize promotions, as well as counterfeit portals requesting wallet credentials or private keys. Such actions can lead to complete account takeovers.
The Pi Network team has repeatedly cautioned against sharing sensitive information or interacting with unverified links circulating on social media and messaging platforms. While independent analysts do not broadly classify Pi Network as a straightforward scam, its rapid growth, mobile-centric model, and referral-based incentives have drawn significant attention, making its large user base an appealing target for scammers.
Users are advised to strictly adhere to official communication channels and exercise heightened caution when engaging with unverifiable contacts.
Impact on PI Token Price
The suspension of the payment request feature coincides with mixed sentiments regarding the PI token’s performance in the market. While forecasts for the token remain optimistic, it is currently trading close to $0.20, reflecting a modest increase of just 1% over the past two weeks.
Significantly, the price of the PI token has been pressured by low liquidity and ongoing token unlocks, with substantial amounts entering circulation in recent months. The token has struggled to absorb the increased supply, leading to moderate daily trading volumes.
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