Pi Network Under Fire: Users Report Missing Tokens and Demand Transparency
Pi Network users are expressing frustration on social media as their wallets show zero balances despite completing KYC verification and migrating to mainnet. The project's credibility faces scrutiny after revelations that Pi Network Foundation 2 holds 276.5 million Pi coins without clear justification.
Community anger focuses on two key problems: uncredited token balances appearing after protocol compliance, and the discovery of multiple unexplained wallets tied to single accounts. These technical irregularities raise serious questions about the network's security framework and fund management protocols.
The development team's recent wallet security guidelines have failed to address concerns adequately. Industry analysts note the situation resembles growing pains common in early blockchain projects, though the extent of affected user funds remains unconfirmed. With no official resolution timeline, this controversy could damage Pi Network's efforts to gain mainstream cryptocurrency acceptance.