🚨 Pi Network Under Fire: Centralization & Legal Risks Loom Large

The Pi Network is facing serious scrutiny over centralization risks and regulatory concerns, especially in Vietnam — now the dominant hub for its global operations.

Key Facts:

• 48.2% of all Pi Network nodes (154 out of 319) are located in Vietnam, according to PiScan.

• Both validator nodes are reportedly controlled by the Pi Core Team, raising major concerns over decentralization and control.

• Vietnamese law doesn’t recognize Pi Coin (or any crypto) as a legal payment method. Transactions using Pi could lead to fines or even criminal charges.

But that’s not all.

Token Transparency Issues:

• Over 60% of Pi Coin’s total supply is reportedly held by the Pi Foundation.

• Allegations of internal token sales have surfaced, damaging community trust and casting doubts on the project’s fairness and transparency.

Why It Matters:

For a crypto project that brands itself as “people-powered,” Pi Network’s current structure raises more red flags than confidence. Without decentralization, regulatory clarity, and transparent token economics, the road ahead looks shaky.

The community is watching. What the Pi Core Team does next will determine if Pi Network can evolve into a truly global and decentralized currency—or just fade as another overhyped experiment.

#PiNetwork #PiCoreTeam #CryptoRegulation #BlockchainTrust #PiCoin