Binance-linked Exchange OKX Witnesses Large Pi Coin Withdrawal Sparking Community Debate

A recent event involving a significant withdrawal of Pi coins from the OKX exchange, which has ties to Binance, has stirred up debate within the Pi Network community. Here’s a detailed look at what transpired and the implications it might have.

Pi News Today: Millions of Pi Coins Withdrawn From OKX

A screenshot circulating online has shown millions of Pi being withdrawn from OKX, raising debates within the Pi Network community. Some users have questioned the authenticity of the data, citing discrepancies between Pi’s total supply as stated by users (100 billion) and the screenshot (900 billion). However, another user has countered, showing that the data aligns with tests conducted on the Pi Network blockchain.

Brazilian Court Approves Freezing Crypto Assets to Settle Unpaid Debts

Brazil’s Superior Court of Justice has permitted the freezing of crypto assets from local exchanges to settle unpaid debts. Despite lacking full regulation, Brazil ranks second in Latin America for crypto adoption. Judges are now allowed to take cryptocurrency stored on platforms to repay lenders when debts remain unpaid. The court has given the right to alert crypto platforms when they plan to seize funds from debtors.