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#PiCoreTeam

This week, the Pi Network project has witnessed significant developments and challenges, especially with the upcoming transition to the Mainnet on June 28, 2025. Here’s a summary of the latest news based on the available information:

1 Technical issues in the transition to the Mainnet:

◦ Many users have reported major issues related to the Know Your Customer (KYC) process and Two-Factor Authentication (2FA). These problems include failures in the verification process and the disappearance of some users' balances despite their compliance with the required procedures.

◦ These challenges have sparked widespread criticism from the community, with demands for greater transparency from the Pi Core Team and a clear plan to resolve these crises.

2 Decline in currency value:

◦ The Pi Network currency has experienced a sharp drop in value, approaching its historical lows due to increasing selling pressure.