#PiCoreTeam

This week, the Pi Network project 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 reported major issues related to the Know Your Customer (KYC) process and Two-Factor Authentication (2FA). These issues include failed verification processes and the disappearance of some users' balances despite their adherence to the required procedures.

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

2 Drop in currency price:

◦ The Pi Network currency has seen a sharp decline in its value, nearing its historical lows due to increasing selling pressure.