There has been a lot of news and misinformation about the ongoing lawsuit involving Pi Network and some Vietnam investors. The aim of this article is to explain what actually happened and clear the air about this legal case According to Crypto Chix, a PI Pioneer who has been closely tracking the s

On December 11th, Pi Network declined for the fifth consecutive trading day, with the price hovering around $0.20. PiScan data shows that the Pi core team's liquidity reserve wallet has outflowed 2 million PI tokens, exacerbating market pessimism. Technical analysis indicates that PI broke below the Supertrend indicator line, signaling a sell, and RSI dropped to 35, approaching the oversold zone.

The community channel of Pi Network announced the mainnet migration alternative became accessible within the application today. As soon as the update was spread across the world, users spotted the new toggle. The launch itself generated a buzz since the feature was one of the most anticipated ones i

Arizona resident Harro Moen filed charges in the Northern District of California federal court against two Pi Network founders, alleging unauthorized transfer of approximately 5,137 Pi coins and suffering a $2 million loss due to the Pi coin price dropping from $307.49 to $1.67. However, analysts state that $307 is not the true price of Pi coin but a speculative quote from the IOU market.

Pi Network Alerts has published a community announcement detailing the key changes of Pi Open Mainnet, which will achieve full decentralization, eliminate centralized control by the core team, allow users to freely connect to external networks, enable developers to deploy smart contracts without permission, and introduce global liquidity. The open mainnet will complete the final phase of the closed network upgrade by December 2025, marking an important milestone after years of gradual development.

Pi Network has registered its entity PIBIT LTD under the EU regulatory framework, marking an important step in formal regulation. The project is incorporated into the legal framework of the European Securities and Markets Authority (ESMA) and the Malta Financial Services Authority (MFSA), preparing to comply with MiCA regulations. Pi Network's KYC verifier control panel shows "PI tokens coming soon," indicating that the long-awaited token rewards may be distributed to verifiers soon.

Pi Network rolls out AI KYC tools and a CiDi Games tie-up just as PI price slides, whales reload, token unlocks loom, and a $10m fraud lawsuit heads to court.​ Summary Pi Network integrated new AI KYC tools to cut manual checks, widen Mainnet-unlocking access, and improve privacy for Pioneers i

Pi Network picked up fresh momentum this week. After reports confirmed that Pi-related entity PIBIT LTD is now officially registered under Europe’s regulatory framework. With visibility under both ESMA and Malta’s MFSA systems. For the Pi community, this marks a serious shift in tone. The project no

In a detailed community post, Pi Network Alerts described key differences between the Pi Open Network and the future Pi Open Mainnet. The update was delivered when the Pi ecosystem was in a transition stage due to the rising integrations and rising expectations of complete decentralization. Pi Open

Pi Network ecosystem media Universe of Pi positions Pi Network as a misunderstood innovation and draws parallels to current critics to early Bitcoin skeptics. According to the article, the scale of blockchain applications is rapidly expanding, with trillions of dollars flowing into the crypto market, and mainstream acceptance has proven early skeptics wrong. However, Pi Network is facing challenges from founder lawsuits and divergent community confidence.

After surging to an all-time high of $2.98 in February 2025, Pi Network's native token, PI, has experienced a dramatic plunge and has now suffered a staggering 92% retracement, trapped in an ongoing downtrend. Technical indicators are bearish across the board, with the Chaikin Money Flow Indicator (CMF) at just 0.01, the MACD crossing above the 26-day EMA above the 12-day EMA, and the RSI falling to 40.55 towards the oversold region.

Famous for its "mobile mining" concept and boasting a large user base, Pi Network is facing the most severe challenge in its development history. In early December, the United States District Court for the Northern District of California accepted a class-action lawsuit against Pi Network's parent company, SocialChain Inc., and its founders, with the plaintiffs seeking up to $10 million in damages. The lawsuit accuses the project team of conducting a years-long fraudulent scheme, including unauthorized transfers of users' tokens, secretly selling up to 2 billion Pi tokens, and deliberately delaying the mainnet migration, resulting in asset depreciation. Although the Pi core team has remained silent so far, the community has strongly questioned key data presented in the lawsuit. Impacted by this news, the price of the PI token dropped 5%, with technical analysis showing it is hovering around a key support level and its future trend remains highly uncertain.

Pi Network has fallen into a trust crisis due to a $10 million fraud lawsuit. The plaintiff, Harrow Morn, alleges that the project is involved in a large-scale fraud scheme, causing the price of PI coin to drop by 5%. The lawsuit reveals three major issues: unauthorized transfer of 5,137 PI tokens in April 2024, secret sale of over 2 billion tokens, and intentional delays in network migration resulting in user losses.

Pi Network issued an official update. The team established a proper schedule of the initial reward of the KYC validator. They were aimed at rolling it out by the end of Q1 2026. The update indicated a gradual improvement on the rewards system. The team checked out validator contributions in the

Date: Tue, Dec 09, 2025 | 05:33 AM GMT Pi Network Provides Update on KYC Validator Rewards DistributionPi Network, a mobile-first cryptocurrency project launched in 2019, has issued an official update regarding the long-anticipated rewards for community members who have served as KYC (Know Your

Pi Network launches a brand-new self-service unban KYC tool, allowing users who were blocked due to incomplete verification steps or being flagged to resolve their account status issues on their own. At the same time, the standard KYC system integrates AI technology, reducing the manual review queue by 50% and alleviating the shortage of verifiers in many regions. This update, together with the Testnet2 smart contract upgrade, removes the biggest obstacle for Pi Network to move from theory to practice.

This week, amid community panic sparked by rumors of California legal filings, Pi Network quietly launched Testnet2 and introduced the BNPi travel booking application. Testnet2 provides developers with a more optimized testing environment for stress-testing transactions and ecosystem tools. BNPi allows users to book hotels using Pi and enjoy up to a 10% discount, supporting more than 15 languages.

Seven major financial institutions—the National Internet Finance Association of China, the China Banking Association, the China Securities Association, the Asset Management Association of China, the China Futures Association, the China Association for Public Companies, and the Payment & Clearing Association of China—have jointly issued a warning, explicitly classifying Pi Network's Pi coin as a "worthless virtual asset." The statement says that criminals use the guise of Pi coins, stablecoins, and "mining" to conduct illegal fundraising and pyramid schemes, and transfer illicit profits through virtual assets.

Pi Network (PI) is experiencing a steady decline, trading around $0.2200. Increased tokens on centralized exchanges and robust mainnet transfers signal rising sell pressure. If real demand doesn’t emerge, further drops toward $0.1919 may occur. Technical indicators suggest bearish trends persist.

The cryptocurrency market experienced intense volatility last week, with Bitcoin and most altcoins plunging on Monday before a sharp rebound mid-week, only to drop again toward the end. Bitcoin fell below the critical $90,000 support level, closing the week around $88,700 amid broader risk-off sentiment.

This article explores how to purchase Pi Network on exchanges and the security of its platforms, analyzing the transaction fees, liquidity, and the importance of KYC verification on major exchanges in 2024. Leading platforms such as Bitget, Gate.io, and MEXC are recommended, with an emphasis on identifying scam risks and providing comprehensive guidance for buying Pi coins.

On October 24, 2025, Pi Network was embroiled in a major controversy when a leaked U.S. federal lawsuit document surfaced online, accusing its founders Chengdiao Fan, Nicolas Kokkalis, and related entities of securities fraud. The lawsuit alleges that Pi Network engaged in unfair token distribution, asset withholding, excessive centralization, and manipulation through the secret sale of approximately 2 billion Pi tokens.

The post Top cryptocurrencies to watch this week: LUNC, Starknet, Pi Network appeared first on Invezz

Pi Network price continues to drift as the year rolls by, it currently trades at $0.22. Many holders glance at that figure and could immediately assume the ecosystem might be losing strength. A voice that stands out in this conversation is an advocate known as “π (Pi) is Money itself with GCV”,

Pi Network is facing challenges as major cryptocurrencies recover. While Bitcoin and Ethereum have seen gains, Pi's token has dropped 12% this week, trading just above $0.22, indicating overall weak sentiment.

Chengdiao Fan, co-founder of Pi Network, argues for a shift from speculation to real-world utility in blockchain during TOKEN2049. She outlines Pi's mission to improve accessibility and scalability through AI-driven tools and community innovation, aiming to establish a sustainable crypto economy.

Pi Network has enhanced its KYC system with AI, significantly reducing application processing times and improving efficiency. This upgrade supports user migration to Mainnet, with millions already verified. The Core Team is also planning validator rewards distribution.

The Pi token is showing early warning signals as it drops below a crucial trading range, risking further correction after multiple rejections near $0.29, and is at a pivotal moment that may impact its December trend.

Key takeaways PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues. The technical outlook indicates short-term risk. PI could dip lower amid poor technicals Pi Network (PI) has been underperforming over the past three days and risks dropping below a

Pi Network (PI) continues to decline, facing increased selling pressure on centralized exchanges. The MACD indicator signals potential further drops if support at $0.2204 is lost, possibly leading to a decline toward the $0.2000 mark.

PiBridge also publicizes its future feature of Flexible Loans, making it a significant breakthrough in terms of liquidity in the Pi Network ecosystem globally. The platform states that soon users will be able to collateralize their Pi holdings and unlock instant loans in USD without selling their

Pi Network experienced three consecutive declines on Friday, approaching the local support trendline formed by connecting the lows of October 22 and November 4. Technically, the MACD indicator's moving averages continue to decline toward the zero axis, and if they cross into negative territory, it will strengthen the downward momentum. If Pi Network breaks below the trendline near the December 1 low of $0.2204, it could further test the support level at $0.1919.

Pi Network has passed a major decentralization milestone. The network now runs on over 400,000 active nodes operated by everyday users, also called Pioneers. This puts Pi among the most widely distributed blockchains in operation today. Each node adds another layer of security and removes single

The Pi Network core team has issued an announcement stating that the project will become a key driving force in the next phase of Web3, emphasizing that its mobile-first design will enable millions of new users to integrate into the digital economy faster than with traditional blockchains. However, the plan to unlock 190 million Pi tokens in December 2025 remains a hot topic within the community, with users debating whether the unlock will stimulate liquidity growth or further depress the price.

The price of Pi Network has remained in a narrow range of $0.1613 to $0.2875 over the past three months, but three major catalysts are converging: the token unlock rate will drop sharply from 190 million this month to 76.3 million by June next year, a 60% decrease; recent investments in OpenMind are bearing fruit; and the application of MiCA in Europe will make it easier for exchanges in the region to list the token.

The Pi Network has opened December with a stunning statistical anomaly: the base mining rate has recorded its sharpest jump in nearly two years. The base mining rate reached 0.0031296 π/hour, an increase of 13.59% from the previous month. Paradoxically, this surge in rewards for active miners is

[PI](https://www.gate.com/post/topic/PI) [Exchange](https://www.gate.com/post/topic/%E4%BA%A4%E6%98%93%E6%89%80) [KYC](https://www.gate.com/post/topic/KYC) In the rapidly changing world of cryptocurrency, Pi coin trading strategies have increasingly become a focal point for investors. Choosing the best time to sell Pi coins, evaluating Pi coin value, and making wise decisions when comparing Pi coin trading platforms can significantly enhance your investment results. Understanding Pi coin secure trading tips and market analysis helps you seize opportunities amid volatility. This article will guide you on how to choose a trading platform like Gate, ensuring transaction security while seizing

Pi Network's core team aims to position the project as a leader in Web3 by promoting its mobile-first design to engage millions in the digital economy. Community-driven growth is emphasized, with over 35 million users contributing to its momentum. The network's mobile mining feature seeks to democratize access while debates around upcoming token unlocks impact community sentiment and economic stability.

Cryptocurrency commentator Dr. Altcoin recently stated that Pi Network still resembles a "sleeping giant" because the core team's progress remains slow. He pointed out that Protocol 23 is still stuck at the testnet stage, and "at this rate, major updates like the PiDEX upgrade are unlikely to be achieved before Q2 or Q3 of 2026."

Pi Network moved to shut down long-running rumors this week after fresh confirmation from its founder and CTO, Nicolas Kokkalis. A widely shared safety notice reaffirmed that Kokkalis operates only one official Pi account and works only on Pi Network. He also teaches one class a year at Stanford.

The Pi Network community claims that "Pi Euro" has been recognized by 19 EU countries under MiCA, sparking debate about genuine regulatory approval. Currently, no EU official regulatory body has granted Pi Euro legal tender status or regulatory recognition. European regulatory commentators urge caution, emphasizing that any statements regarding cross-border approval must come from official EU agencies or national financial regulators.

China’s leading AI platform DeepSeek has released December price predictions for XRP, Cardano (ADA), and Pi Network (PI): XRP could reach $8 in an optimistic scenario, ADA is forecasted at $10, and Pi Network may soar to $150. Recently, after Bitcoin hit a low of $82,000, the overall market rebounded by 5.7%, which could signal the start of a recovery.

BlackRock leadership, including former Web3 sceptic Larry Fink, believes that tokenization can smoothly bridge crypto and traditional finance. Although the BlackRock leadership repeats that tokenization can’t replace the financial system in full, they see a convergence between traditional

The post PI eyes $0.30 as whale interest signals a potential recovery appeared first on Invezz

Pi Network is taking visible steps toward its next phase in Europe, after the activation of the MiCA regulatory framework. Several community sources now claim that Pi has reached a level of technical and legal readiness for EU acceptance. This includes references to “Pi Euro” and possible exchange-t