In February 2025, the pi dens were dismantled. Why did the OK exchange list pi coin in April?
阿新的币旅
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Stanford PhD-endorsed 23 billion Pi coin scam collapses: 3000 investors lose everything A scam wrapped in the aura of a "Stanford PhD" that once relied on trust has recently been completely exposed — involving a staggering amount of 23 billion, over 3000 investors have lost everything, and the Chinese police's multinational operation has unveiled the chaotic inside story of this scam.
In February 2025, police dismantled the Pi coin fraud network across countries, freezing 18,000 wallets involved in the case, while confiscating the luxurious homes of 37 "mentors" in Dubai. The extravagance of these "mentors" is shocking: cash piled up in a Rolls Royce garage, and during the counting, three cash counting machines were burned out, all from the hard-earned money extracted from investors. Technical evaluations further debunked the "high-tech" facade of Pi coin. A specialized institution in Shanghai discovered that the so-called "mainnet" of Pi coin is merely an ordinary server rented from Alibaba Cloud, with 91% of the code plagiarized from the GitHub open source platform, and backend data can be easily tampered with — the 1 million Pi coins in user accounts can be easily reduced to zero by the operators, and the so-called "mining" is nothing but a false gimmick. The scam's harvesting chain is intricately nested: 30 million ordinary investors at the bottom are attracted by the rhetoric of "check-in mining to earn villas"; middle-level agents profit from recruiting new members, using the proceeds to buy luxury cars to create a "money-making illusion"; the top-level team forges "Manhattan PhD technical endorsements," while the masterminds hide in the Cayman Islands to remotely control the funds. This scam rings alarm bells again: blockchain projects centered on "recruiting new members" are essentially pyramid schemes, and many packaged with "prestigious school backgrounds" and "expert endorsements" are merely IQ taxes; genuine blockchain does not rely on "daily check-ins" for profit. Investors must be wary of false advertising, avoid being swept away by greed, and not repeat the mistakes of this scam. As the market continues to change, we must closely monitor market signals to seize new entry opportunities. Like + comment, and we will take you through the bull market to stand firm and capture this big opportunity! #美联储降息预期 #非农就业数据来袭
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