🚨 Pi Network: Scam Alert or Core Team Control? The Truth Will Shock You! ⚠️

Hey Binance Square fam! 🌟 I’ve been digging into Pi Network, and what I found is *wild*. Users are losing thousands of Pi coins to “parent accounts”—and it’s happening right now! Let’s break this down with proof and why you should be on high alert. 👇

🔴 **The Scam Alarm: Unauthorized Transfers Are Real**

A user just reported losing 1,174.69 Pi on May 27, 2025, at 01:59—transferred automatically to a parent account (MD5HGPHVYL73EBUD224K2V…H6TED4TQKAAAKVPMLMYFF72) without their consent! 😱 Their balance dropped to 0.01 Pi, and the parent account now holds a massive 3.2M Pi (as of a screenshot before today, May 28, 2025, 09:16 AM IST). Pi says it’s for KYC or migration, but no permission? That’s a huge red flag! 🚩

🔴 **Proof: This Parent Account Is Likely Pi Core Team’s Wallet**

The user says this has done automatically

and it actually supports his statements because 3 transactions happened within in seconds,which is impossible for a scammer or any human to make the transactions.so it is actually done by system.

He also checked the public address where his Pi gone and shocked by using huge amount of Pi in that account.which again supports this is managed by picoreteam

this is the screenshot

same address after 5 to 6 hours

Here’s the evidence:

- **Role**: Pi’s whitepaper (2022) says parent accounts manage migrations and KYC in the enclosed mainnet (still active as of May 28, 2025). They’re controlled by the Pi Core Team, not users.

- **Balance & Activity**: This parent account holds 3,221,381.395 Pi and handles tons of transactions per minute—fits a core wallet for Pi’s 45M+ users (BeInCrypto, Feb 2025).

- **Centralization**: Pi’s mainnet is fully permissioned—only the Core Team runs nodes (CCN, Jan 2025). The user’s transfer on May 27, 2025, at 01:59, plus a “Moved to Available Balance” entry, shows system-level access/outsourcing control, aligning with Pi’s centralized design.

- **Timing**: This happened hours before the latest screenshot (pre-May 28, 2025, 09:16 AM IST), showing the Core Team’s control.

So, this parent account is likely Pi Core Team’s—but that doesn’t mean your Pi is safe! 😬

🔴 **Why This Smells Like a Scam**

- **Centralized Control**: Pi isn’t decentralized—the Core Team controls everything. Scammers exploit this, transferring your Pi to parent accounts to make it look legit, then vanish.

- **Scam Tactics**: Phishing links, fake apps, and Telegram groups are stealing passphrases. X users call Pi the “biggest rug of 2025” after a 12M token dump tanked the price 50%!

- **No Value**: Pi crashed 65% to $0.91 (CoinGecko, Mar 2025) and isn’t on Binance or Coinbase. No utility, no scarcity—pump-and-dump vibes! 📉

- **History**: Chinese police flagged Pi scams in 2023, a 2021 data leak hit 10,000 users, and Bybit’s CEO called it a scam in 2025.

💡 **Protect Yourself Now!**

- Reset your password & avoid sketchy links.

- Don’t share passphrases—scammers impersonate support!

- Contact Pi support (@minepi.com) if your Pi was moved.

- DYOR: Pi might not be a scam outright, but the risks are real!

What’s your take, fam? Lost Pi to a parent account? Still trust Pi Network? Drop your thoughts—I’m all ears! 👀 Let’s keep crypto safe together. 💪

$BTC

#PiNetworkScam #CryptoWarning #StaySafe