Pi Coin Security Flaws Emerge Amid Market Downturn

Pi Coin continues to face market challenges as new security vulnerabilities surface. The cryptocurrency is trading near all-time lows at $0.4409, showing a 0.1% decline over the past 24 hours amid prevailing bearish sentiment.

Security expert Dr. Altcoin has identified compromised wallets due to passphrase theft, urgently recommending Multi-Factor Authentication implementation. "Dependence on passphrases alone presents an unacceptable security risk," the analyst stated in a July 25 social media update, suggesting biometric verification as an additional security LAYER to prevent unauthorized access.

The Pi Core Team faces increasing demands to resolve these security issues while maintaining network expansion. Market observers are anticipating technical improvements that could potentially rebuild trust in the struggling project.