Pi Network Suspends Payments After Multi-Million Token Theft Attack

Pi Network suspends payments after a scam steals over 4.4 million Pi tokens, freezing wallet requests to prevent further loss.

Pi Network has temporarily suspended wallet payment requests following a scam that resulted in the theft of over 4.4 million Pi tokens.

The attack, which exploited social engineering tactics, targeted users with large token balances.

Although the Pi Network protocol remained secure, the scam manipulated users into authorizing unauthorized transactions, leading to the significant theft.

Pi Network Freezes Payment Requests Due to Scam

In response to the attack, Pi Network has paused wallet payment requests to prevent further theft.

The scam was based on fraudulent payment requests sent to users, which appeared to come from trusted sources.

When users authorized these requests, the scammers were able to steal their Pi tokens.

Reports indicate that the stolen tokens were funneled into a single wallet address, which had been receiving large amounts of Pi since mid-2025.

The scammers used blockchain’s transparency to target users with substantial balances. This method allowed them to identify victims and send fake payment requests.

Pi Network confirmed that the attack was not a result of a protocol breach. Instead, it was a case of social engineering, where users were tricked into approving transactions.

The team’s decision to freeze payment requests was a precautionary measure to protect users from further loss.

Community Warned About Fraudulent Payment Requests

Pi Network moderators have issued strong warnings to the community to ignore all unsolicited payment requests.

Users are advised not to authorize any transactions, even if they appear to come from familiar sources or official accounts.

These fraudulent requests can often look legitimate, making it easy for unsuspecting users to fall for the scam.

Blockchain trackers have shown that the scam wallet continues to receive a consistent flow of funds.

The top scammer has been stealing between 563,000 and 877,000 Pi tokens per month from July to December 2025.

This activity reflects the ongoing scale of the scam and the serious risk to users.

The scam’s activity has intensified in recent weeks, particularly in December, as more users qualify to transfer funds.

This has led some analysts to believe that the operation is accelerating, targeting users as the network grows.

Despite the warnings, some users have still fallen victim to the scam, making it crucial for Pi Network to continue emphasizing caution and vigilance.

Related Reading: Pi Network Opens Smart Contract Era Backed by 17.5M KYC Users Worldwide

Pi Network’s Ongoing Security Efforts

Even with the recent setbacks, Pi Network continues to make strides in improving its security.

Earlier this year, the platform introduced two-factor authentication (2FA) to help protect user accounts during the Mainnet migration process. This measure has been part of Pi Network’s ongoing effort to enhance security and prevent unauthorized access.

Additionally, Pi Network has integrated artificial intelligence (AI) into its KYC (Know Your Customer) verification process.

This has helped reduce the manual verification workload by 50%, speeding up the process for users migrating their balances to the Mainnet.

The introduction of these measures reflects Pi Network’s commitment to improving security and user experience.

The team is also working on future updates, such as the Pi Node version 0.5.4 update, which improves the software’s performance.

This update addresses issues related to reward accuracy and ensures a smoother experience for users. Despite the current challenges, Pi Network is focused on securing the platform and protecting its users from future scams.

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