Pi Network Warns Pioneers of Scammers Pushing Fake Pi Prices

The Pi Network community is once again facing a wave of scams as fake accounts and misleading price claims spread online. Community leaders and official Pi supporters have issued multiple warnings to Pioneers. They are urging them to stay alert and avoid falling for fraudulent schemes.

Fake Accounts Target Pi Users

According to PiNetwork DEX, several accounts have been impersonating Pi Network’s founders and team members to lure unsuspecting users. These scammers are promoting phishing links and fake investment offers while posing as official representatives. Some even claim to provide exclusive “partnership” deals or rewards for promoting certain projects. But their real goal is to steal funds or private information.

The community was recently alerted to a suspicious campaign involving a so-called “CR7 Official Coin.” That falsely linked to soccer star Cristiano Ronaldo. Fake posts promoted it as an “official presale.” They are tricking users into sending money to scam websites. One user shared that he lost $500 to the scheme after seeing it advertised by large pages with hundreds of thousands of followers.

PiNetwork DEX warned that these scammers are deliberately targeting the growing Pi community. “They attract followers, then set up phishing websites using various excuses and methods to defraud Pi pioneers,” the post said.

The GCV Price Myth Resurfaces

Another major concern is the return of false price rumors surrounding Pi. A notorious claim that 1 Pi equals $314,159. That has resurfaced within parts of the community. The claim originated from a self-proclaimed founder of “GCV.” It’s a fake initiative that pushed inflated valuations to mislead new members. PiNetwork DEX strongly criticized these false narratives, calling them damaging to Pi’s long-term progress. 

The post mocked recent comments by Doris Yin, a GCV supporter, who admitted she would not buy Pi at the exaggerated rate. But would instead purchase it at the actual exchange price. This contradiction highlighted the scam’s collapse and served as a warning to followers still holding unrealistic expectations. Community members were urged to rely only on official communication from Pi Network and to reject any claims of unofficial trading or external valuations.

Pi Network Growth Continues Despite Challenges

Despite these incidents, the Pi Network ecosystem continues to grow rapidly. The Pi Network app has now surpassed 100 million downloads on Google Play. This outpaces several major crypto exchanges, including Coinbase. The milestone reflects the platform strong community engagement and ongoing user expansion. Meanwhile, Pi Network confirmed that the Pi Node source code will soon be open sourced. The team is finalizing its GitHub repository and plans to allow community developers to contribute. 

The open-source release is part of Pi’s broader effort to enhance transparency. Additionally, it builds new blockchain-based utilities. That includes a potential feature allowing node operators to earn Pi through AI training computations. As the network evolves, leaders continue to stress one message: stay vigilant. Scammers will keep exploiting Pi’s growing visibility. But informed users can protect the community by verifying every source before engaging.