Pi Core Team Issues Urgent Wallet Security Warning to Global Pioneers
SAN FRANCISCO, CA – In a firm and urgent reminder to its growing global user base, the Pi Network Core Team has reiterated the critical importance of wallet security amid rising concerns about scams and phishing attempts within the crypto space.
As the project edges closer to the highly anticipated Open Mainnet launch, the Pi Core Team has released an official statement warning users never to share their wallet passphrases, passwords, or verification codes under any circumstances. This advisory comes as the Pi ecosystem experiences increasing engagement, with millions of users transitioning to the Mainnet phase and interacting with decentralized applications (dApps) and wallets.
Wallet Security: A Top Priority for Pi Network
The advisory emphasizes three key principles:
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Your wallet passphrase is private and must never be shared.
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The Pi Core Team will never request your passphrase, password, or any verification code.
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Only use apps and services officially listed in the Pi Safety Center.
These guidelines reflect the Core Team’s commitment to safeguarding users from social engineering attacks and crypto scams that are becoming increasingly sophisticated.
“The Pi Core Team is deeply invested in building a secure, inclusive, and decentralized ecosystem,” the announcement states. “That mission includes protecting every Pioneer’s right to privacy and financial autonomy.”
The Threat of Social Engineering
Social engineering — a manipulation tactic where fraudsters exploit human error to gain access to confidential information — has become alarmingly common in the blockchain space. From impersonating support staff to posing as community leaders or technical experts, scammers deploy a range of strategies to trick users into surrendering sensitive credentials.
In the context of Pi Network, the most common scam involves so-called “wallet recovery experts” or self-proclaimed “Pi geniuses” who promise to fix wallet issues or offer mining optimization in exchange for partial access to a user’s funds.
These individuals often ask users to share their wallet passphrase, a 24-word seed phrase that grants complete control over the wallet. Once shared, the scammers drain the wallet — often gradually to avoid immediate detection.
“Some users are misled into thinking they are getting help from someone reputable,” a Pi moderator stated in an internal community meeting. “In reality, if you give someone 50% of your Pi today, they will likely take the other 50% tomorrow.”
Core Team’s Firm Stance on Recovery Support
While wallet-related losses are devastating, the Pi Core Team insists that users should never trust third parties — especially individuals asking for compensation — to recover lost accounts or compromised wallets. Instead, affected users should seek official assistance through Pi Network’s in-app support or channels listed in the Safety Center.
“Pi Network’s decentralized nature means users are the sole custodians of their wallets. Once a passphrase is shared or lost, there is no centralized recovery option. However, the Core Team offers limited advisory support, especially for technical migration issues, but never requires payment or access to your credentials,” the advisory reads.
In essence, the safety of Pi wallets rests in the hands of the users. That’s a core principle of decentralization — a system without intermediaries, but one that demands responsibility.
Warnings from Within the Community
Veteran Pi Pioneers are also speaking out. Many have shared their experiences of being approached by scammers in Telegram groups, Twitter threads, and WhatsApp communities. Some of these interactions come from well-crafted profiles that appear professional or affiliated with the Core Team.
“Scammers are getting better,” says Jonathan Reyes, a long-time Pi user and volunteer moderator. “They clone usernames, copy Pi logos, and even use AI-generated avatars. They’ll tell you they work with the Core Team or that they can 'accelerate' your migration or unlock your frozen Pi. It's all fake.”
One user from Nigeria reported losing over 500 Pi coins after being tricked into giving up his passphrase to someone who promised to convert his Pi into cash.
“It was heartbreaking,” he said. “I trusted the wrong person and lost two years of mining.”
How to Spot a Scam
Here are some red flags the Pi Core Team urges users to watch out for:
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Unsolicited DMs or messages from strangers offering help
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Promises of faster migration, Pi to fiat conversions, or mining boosts
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Any request for your wallet passphrase or verification code
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Links to websites that mimic official Pi interfaces but contain slight URL changes
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Users asking for fees to “unlock” your Pi balance or conduct KYC faster
To combat this, the Core Team has enhanced the Pi Safety Center, a section within the Pi Browser and Pi app that lists verified apps, tools, and communication channels. Users are urged to consult this resource frequently and avoid third-party platforms not endorsed by Pi Network.
Why Now? The Push Toward Open Mainnet
With Pi Network preparing for its Open Mainnet phase, millions of users are actively setting up or migrating their wallets, making them prime targets for bad actors. The anticipation around potential listings, wallet integrations, and ecosystem apps has caused a spike in both interest and vulnerability.
In response, the Core Team has ramped up its public awareness efforts, posting multilingual advisories and collaborating with community moderators to spread the message.
“We cannot overstate how important it is for each user to be vigilant,” said one Core Team engineer. “You control your wallet. Not us, not anyone else. Your passphrase is your key to financial freedom. Treat it like your life depends on it.”
A Call to Collective Responsibility
The Pi Network community, now surpassing 60 million engaged users, is one of the largest decentralized digital currency user bases globally. This makes community education essential not just for individuals, but for the network’s broader credibility and sustainability.
Leaders in the Pi ecosystem have also urged pioneers to take part in awareness campaigns, report suspicious behavior, and mentor newer users who may be unfamiliar with wallet security practices.
Remember to only use the Pi Wallet in the Pi Browser at exactly "https://t.co/OEifsSaA3K” in order to safeguard your Pi. Learn more: https://t.co/WFHv43Kny7
— Pi Network (@PiCoreTeam) June 5, 2025
The authentic Pi Wallet is visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo…
“The fight against scams isn’t just the Core Team’s responsibility,” said Doris Yin, a community writer and security advocate. “It’s our collective duty to educate, inform, and protect one another. The stronger our community, the safer our future.”
Final Thoughts
As the crypto landscape continues to evolve, user education and vigilance remain the first and most effective line of defense. Pi Network, like other decentralized projects, empowers users with control — but that empowerment also requires caution, discipline, and knowledge.
The bottom line: Never share your wallet passphrase. Never pay anyone to help you with your wallet. And never believe anyone who says they need access to “fix” your account. When in doubt, consult the Pi Safety Center and rely only on official sources.
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