Pi Network Issues Urgent Wallet Warning – Are You at Risk of Losing Everything?

The Pi Network Core Team has just issued a new safety reminder, and it’s one that every Pi Coin holder should take seriously. With scammers becoming more aggressive, especially as Pi’s mainnet approaches, the Core Team is urging users to protect their wallets at all costs.

The message is simple but important: never share your wallet passphrase. The Core Team explained that they will never ask for your passphrase, password, or verification code. If someone does, they are not helping you – they are trying to scam you.

In addition, Pi Network warns against using unofficial platforms. Only apps listed in the official Pi Safety Center should be trusted. Using unauthorized tools or websites, especially those offering “wallet recovery” or “free Pi airdrops,” can lead to permanent losses.

Dr Altcoin, a prominent voice in the Pi community, added his own blunt warning: if you give your passphrase to a so-called “genius” who promises to help you but asks for 50% of your Pi in return, that same person will likely steal the rest later. It’s a trap, plain and simple.

He also advised Pioneers that if a wallet is ever compromised, the only safe option is to reach out to the Pi Core Team directly. No third party can be trusted to “recover” or “unlock” a Pi wallet, especially if they’re asking for a fee.

A New Role for AI in Pi KYC?

Alongside the wallet warning, Dr Altcoin also hinted at a major development happening quietly behind the scenes: the increased use of AI in Pi’s KYC validation process.

According to him, the Pi Core Team has been training artificial intelligence systems for years to handle the massive volume of KYC applications across the network. While not officially confirmed, it’s possible that AI now plays a much larger role than before – perhaps even replacing many of the human validators who once reviewed identity submissions manually.

If you’ve noticed that you’re no longer receiving KYC tasks in your Pi app, this could be why. The shift to AI-driven validation may be speeding things up and cutting the need for human labor in the process.

For the average user, this means two things. First, the Pi Network is clearly preparing for scale – millions of users will need KYC, and automation makes that more efficient. Second, it’s another reminder that any app or website offering to “speed up your KYC” for a fee is likely a scam.

Where’s Pi Coin Headed Next?

While the Core Team focuses on security and infrastructure, many Pioneers are still asking the same question – what’s next for Pi’s price?

In today’s market update, CaptainAltcoin reports that Pi Coin is currently trading around $0.61, showing signs of consolidation after a period of high volatility. Earlier in the month, Pi briefly surged above $0.70, but failed to hold that level and has since been moving sideways. Analysts are now watching the $0.65 zone as a near-term resistance. A breakout above it could signal renewed momentum, while failure to reclaim that range may lead to further consolidation near $0.55.

You can read the full price prediction for June 6 here:
👉 Pi Coin Price Prediction for Today – June 6

With AI stepping in to streamline KYC, and scam threats growing just as fast, Pioneers need to stay alert. Protect your passphrase like your life savings, trust only official channels, and know that no one but the Core Team can help you if something goes wrong.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Read our recent crypto market updates, news, and technical analysis here.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo