The post Here’s Why Pi Network is Not Processing Your Payment Requests appeared on BitcoinEthereumNews.com. Members of the Pi Network community are raising alarmsThe post Here’s Why Pi Network is Not Processing Your Payment Requests appeared on BitcoinEthereumNews.com. Members of the Pi Network community are raising alarms

Here’s Why Pi Network is Not Processing Your Payment Requests

Members of the Pi Network community are raising alarms over a growing scam method that has already resulted in millions of Pi tokens being drained from user wallets.

The scheme exploits the network’s payment request feature and the inherent transparency of blockchain data. It prompts the Pi Core Team to temporarily disable payment requests as losses mount.

Sponsored

Sponsored

Pioneers Warn of Scam Method Leading to Pi Being Drained from Wallets

According to multiple community alerts circulated on X (formerly Twitter), scammers can scan the Pi blockchain to identify wallet addresses and view their Pi balances.

Once a wallet with a sizable balance is identified, the attacker sends a payment request directly to the holder. If the recipient clicks “approve,” the Pi is transferred instantly to the scammer’s wallet and cannot be recovered.

Community account Pi OpenMainnet 2025 warned that the mechanism is often misunderstood as a technical flaw.

The same message emphasized that the threat lies in social engineering rather than protocol failure. Scammers may disguise requests to appear legitimate or impersonate trusted contacts, increasing the likelihood that users approve transfers without verifying them.

A Scam at Scale

Blockchain tracking shared by the community points to a single wallet address as a major hub for the activity.

Sponsored

Sponsored

The address—GCD3SZ3TFJAESWFZFROZZHNRM5KWFO25TVNR6EMLWNYL47V5A72HBWXP—has been accused of stealing between 700,000 and 800,000 Pi per month. According to reports, cumulative losses now exceed 4.4 million Pi.

Data shared by Pi Network Update shows consistent monthly inflows to the address:

  • Roughly 877,900 Pi in July 2025
  • 743,000 Pi in August
  • 757,000 Pi in September
  • 563,000 Pi in October
  • 622,700 Pi in November, and
  • Over 838,000 Pi in December.

The figures suggest a coordinated and sustained operation rather than isolated incidents, with December’s spike indicating accelerating activity.

Sponsored

Sponsored

The scale of the theft has heightened concern among Pioneers, many of whom are new to on-chain transactions. As such, they may be unfamiliar with the risks of approving unsolicited requests.

Pi Team Disables Payment Requests

In response, the Pi Team has temporarily suspended the “send payment request” feature. Community notices indicate the move was taken after scam activity intensified.

However, the suspension is described as a stopgap measure rather than a permanent fix. The feature may be re-enabled once additional safeguards or user protections are assessed.

Until then, community guidance is unequivocal. The network advises users not to accept or approve any payment requests sent to their wallets, regardless of who appears to be the sender.

Sponsored

Sponsored

Warnings stress that scammers may pose as friends, family members, or even official Pi accounts.

The incident highlights a broader challenge for blockchain networks: striking a balance between transparency and usability, while maintaining user security.

While the Pi protocol functions as intended, the episode highlights how easily social engineering can exploit standard features to create attack vectors.

As payment requests remain disabled at year’s end, Pi Network’s PI Coin was trading for $0.20381, up by almost 1% in the last 24 hours.

Pi Coin Price Performance. Source: BeInCrypto

Meanwhile, Pi community members continue to track suspicious wallets and amplify security warnings. They urge vigilance as scams become more sophisticated and widespread.

Source: https://beincrypto.com/pi-network-disables-payment-requests-after-4-million-pi-drained/

Market Opportunity
WHY Logo
WHY Price(WHY)
$0.0000000127
$0.0000000127$0.0000000127
+0.63%
USD
WHY (WHY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin ETF and Ethereum ETF End Another Positive Week; BTC Price and ETH Price Set Upticks

Bitcoin ETF and Ethereum ETF End Another Positive Week; BTC Price and ETH Price Set Upticks

The post Bitcoin ETF and Ethereum ETF End Another Positive Week; BTC Price and ETH Price Set Upticks appeared on BitcoinEthereumNews.com. Bitcoin ETF and Ethereum ETF recorded inflows this week from September 15 – 19, 2025. BTC price and ETH price are estimated to surge in the next 30 days. The recent rate cut announcement by the US Federal Reserve may also contribute to the bull run. Both the Bitcoin ETF and Ethereum ETF recorded a week of positive flows. While there was a time when funds moved outwards, the movement largely remains favorable for Spot ETFs. BTC price and ETH price noted a decline, but factors indicate that the trend could reverse in the days to come. Bitcoin token price and Ether price are estimated to surge in the next 30 days. Positive Week for BTC ETF and ETH ETF Spot Bitcoin ETF and Spot Ethereum ETF majorly saw inflows from September 15 – 19, 2025. BTC ETF noted the highest influx of $292.3 million on September 16, 2025. The lowest fund movement happened on September 18, 2025, worth $163 million. Spot Bitcoin ETF was last seen banking an inflow of $222.6 million led by BlackRock’s IBIT. BTC ETF only noted an outflow on September 17, 2025, for $51.3 million. BlackRock recorded an inflow of $149.7 million but was overshadowed by Fidelity (FBTC), Bitwise (BITB), Ark Invest (ARKB), and Grayscale (GBTC). The cumulative total inflow for Spot Bitcoin ETF stands at $57,678 million as of September 19, 2025. ETH ETF noted the highest inflow movement on the opening day, that is, on September 15, 2025. Funds of $359.7 million were injected, with most of them in BlackRock’s ETHA. The lowest inflow Spot Ethereum ETF recorded was on September 19, 2025, when funds worth $47.8 million were injected. Ether ETF experienced outflows on two consecutive days – 16 and 17 September 2025. The earlier date is when BlackRock’s ETHA saw funds…
Share
BitcoinEthereumNews2025/09/20 21:56
Korbit’s $2M Fine: South Korea’s FIU Delivers Stunning Blow to Crypto Compliance Failures

Korbit’s $2M Fine: South Korea’s FIU Delivers Stunning Blow to Crypto Compliance Failures

BitcoinWorld Korbit’s $2M Fine: South Korea’s FIU Delivers Stunning Blow to Crypto Compliance Failures SEOUL, South Korea – December 2024 – South Korea’s Financial
Share
bitcoinworld2025/12/31 15:00
UK Regulator Proposes New Crypto Rules to Protect Consumers

UK Regulator Proposes New Crypto Rules to Protect Consumers

UK’s FCA proposes crypto rules to boost transparency, protect consumers, and balance innovation with regulation; consultation open until 2026. The United Kingdom has taken a new step toward regulating the fast-growing crypto sector. On Wednesday, the Financial Conduct Authority (FCA) released a consultation paper that sets out how the existing financial rules should apply to […] The post UK Regulator Proposes New Crypto Rules to Protect Consumers appeared first on Live Bitcoin News.
Share
LiveBitcoinNews2025/09/18 15:30