Pi Network Warns Against Fake Listings

Pi Network has issued a strong warning to its users about fraudulent Pi trading pairs listed on various decentralized exchanges (DEXs). The platform cautioned that these listings are not officially recognized and could result in financial losses for those who engage with them.

In a statement, Pi Network emphasized that “Pi trading pairs currently listed on all DEXs are fraudulent and are likely to be part of a scam which results in loss to you.” The company urged its users to refrain from engaging in unauthorized trading and to instead verify businesses through its official Know Your Business (KYB) process.

To protect users from scams, Pi Network has listed verified businesses on its website, ensuring that only trusted platforms integrate with the Pi ecosystem. Users are encouraged to refer to this list before engaging in any transactions involving Pi. Some of the verified platforms include OKX, Bitget, Gate.io, and Pionex.

This warning follows Pi Network’s Open Network milestone on February 20, marking a major step in its growth. Though details were not disclosed, the achievement highlights the need for security and authenticity in its expanding ecosystem.

With increasing adoption, scammers are taking advantage of unsuspecting users by creating fake Pi trading pairs. Pi Network’s latest advisory reinforces the need for caution, urging users to rely only on officially verified services.

For safe transactions, users are advised to check the KYB’d services page on Pi Network’s official website and avoid engaging with any unverified trading platforms.

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