Pi Network Faces User Revolt Over Disappearing Tokens Amid Migration Chaos
Pi Network is facing intense backlash as users report missing tokens following KYC verification and wallet migration. Frustration grows with widespread complaints of zero balances appearing in compliant accounts, raising serious questions about the project's transparency and technical stability.
The turmoil has hit Pi Coin's market value hard, with prices plunging 4% to $0.60 - a dramatic 65% drop from its mid-May all-time high of $1.70. This steep decline reflects eroding investor confidence as technical failures fuel skepticism across crypto communities.
Social media platforms are flooded with reports of duplicate wallet addresses and failed transactions, compounding trust issues. The situation worsened when Pi's Core Team released a vague security advisory that failed to address the root causes of user complaints.
With years of accumulated community goodwill now at risk, the project faces its most serious credibility crisis to date as it scrambles to control the escalating fallout.
