scam
Pi Network, known for its mobile-based cryptocurrency mining, is facing allegations of fraudulent activities. Bybit's CEO, Ben Zhou, labeled the project a scam, referencing a 2023 Chinese police warning that described Pi Network as a scheme targeting elderly individuals. In response, Pi Network's team refuted these claims, stating that the warning was directed at impersonators misusing their name. Following these controversies, the Pi Coin's value plummeted by over 65%, trading around $0.69
There are many more scams yet to be exposed.
Don't fall for quick-earn schemes—people will be tempted due to the FOMO created by their PR team. They are earning money from showing ads for so many years to till date and also most of the people are not allowed to trade the pi or they are not able to sell it