Pi Network has blocked wallet payment requests after fraudsters poured millions
Pi Network stops wallet requests after targeting users in a large-scale scam. Fraudsters use public scales and impersonate trusted contacts. PI trades around $0.20 amid low liquidity and token openings.
The Pi Network has temporarily disabled the wallet payment request feature in response to sophisticated fraudulent activity that resulted in the loss of millions of PI tokens from user wallets.
The move was announced by the PiCore team on social platform X, as attackers increasingly use the platform's payment request functionality to trick users into approving fraudulent transfers.
According to chain data shared by community watchers and whistleblowers, fraudsters have taken more than 4.4 million PIIs by sending deceptive payment requests to multiple accounts.
By 2025, a single fraudulent address is said to have received hundreds of thousands of tokens every month.
Tokens approved by these requests are immediately moved to the attacker's wallet and cannot be copied, meaning victims have no recourse once a transfer is authorized.
The PiCore team has stressed that this issue is not a flaw in the network protocol, but rather a result of social engineering.
Because wallet balances and addresses are publicly visible on the Pi's blockchain, bad actors can identify high-value wallets and impersonate trusted contacts, friends, moderators, or official accounts to convince users to authorize transfers.
To prevent further losses, the network has disabled the payment request feature on the ecosystem while evaluating potential safeguards.
The ban is intended to be temporary, but the team has yet to announce a specific timetable for its return to action.
In the meantime, community moderators and security advocates urge users to decline all unsolicited payment requests.
Fraud techniques and broader security risks
Experts and user reports indicate that the scams are part of a wider growth in deceptive schemes targeting Pi users.
Fraudsters range from phishing links asking for fake airdrops or price promotions to fake logins asking for wallet credentials or private keys to full account takeovers.
Pi Network's core team has repeatedly warned against sharing sensitive information or engaging with unverified links distributed on social media and messaging platforms.
While P Network itself has not been identified as an obvious scam project by independent analysts, its rapid growth, mobile-centric model, and referral-based incentives have been scrutinized and make its large user base a target for fraudsters.
Users are advised to stick strictly to official channels of communication and exercise extreme caution when dealing with unverified contacts.
Impact on PI token price
The suspension of the payment request comes amid mixed feelings surrounding the market performance of the PI token.
While the Pi token price forecast remains optimistic, it is currently trading at the $0.20 level, up just 1% in two weeks.
In particular, the price of PI coin has been undergoing massive circulation in recent months, weighed down by low liquidity and ongoing token launches.
The token has struggled to absorb the increased supply, and daily transaction volumes are mediocre.
