Pi Network Faces Mounting Criticism Over Prolonged KYC Delays and Communication Silence
Pi Network, once hailed as a revolutionary mobile-first cryptocurrency project, is now facing intense scrutiny from its global community. The frustration stems from prolonged delays in Know Your Customer (KYC) verification, stalled token migrations, and a perceived lack of transparency from the Core Team. A recent tweet from user @Eza_ademm encapsulates the sentiment: “It’s like a joke… a team and founder beyond useless.” This growing discontent raises serious questions about the project’s credibility, leadership, and future in the Web3 landscape.
The KYC Bottleneck: A Persistent Roadblock
KYC verification is a critical prerequisite for Pi Network users to migrate their mined tokens to the Open Mainnet. Despite millions of users having completed the process, a significant portion remains stuck in limbo. Reports indicate that many users who passed KYC months ago still face issues such as:
Pending migration status
Zero wallet balances despite successful verification
Looped or reset progress on the Mainnet Checklist
Unresponsive support channels
According to these issues have intensified as Pi Network prepares for its next migration wave. Users describe the experience as a “maze of technical failures,” with some tokens reverting to the app and others disappearing entirely.
2FA and Wallet Sync Failures
In March 2025, Pi Network introduced email-based Two-Factor Authentication (2FA) to enhance wallet security. However, this measure has added another layer of complexity. Many users report:
Broken or expired verification links
Emails never received
Migration resets after completing 2FA
These technical glitches have led to widespread confusion and further delayed access to migrated tokens. The lack of clear guidance and real-time support has only exacerbated the situation.
Community Sentiment: From Patience to Outrage
For years, Pi Network cultivated a loyal user base—known as Pioneers—who mined tokens daily and promoted the project with enthusiasm. But the recent wave of delays and silence from the Core Team has shifted sentiment dramatically. Social media platforms are flooded with posts expressing disappointment, anger, and even accusations of mismanagement.
A report from highlights that the disconnect between exchange activity and user access has created a two-tiered system. While Pi tokens are actively traded on select platforms, most users cannot access their holdings due to unresolved KYC and wallet issues.
Transparency and Decentralization Concerns
Critics argue that Pi Network’s centralized control contradicts its stated mission of decentralization. Reports suggest that the Core Team controls over 80% of the total Pi token supply, raising concerns about fairness and governance. The absence of a public DAO framework and limited validator access further fuels skepticism.
The lack of transparency regarding token unlock schedules, referral rewards, and ad revenue allocation has also eroded trust. As noted by many Pioneers feel sidelined after years of dedication, with promised features and rewards still undelivered.
Market Impact and Price Volatility
Pi Coin’s price has suffered amid the turmoil. Trading around $0.40–$0.60, the token is down nearly 80% from its early-year peak. Analysts like Dr. Altcoin predict continued stagnation unless the Core Team addresses infrastructure and communication issues.
The release of millions of tokens in recent months has added downward pressure, while rumors of insider wallets and liquidity manipulation have sparked further controversy.
Look at the tweet that came after 6 days, they are still dealing with ID verifications, it’s like a joke It's nothing but a disgrace We're still waiting for some development like idiots a team and founder beyond useless @PiCoreTeam #pi #PiNetwork2025 $PI $Pi #piCoin #piusdt pic.twitter.com/oHkdIr30DP
— KÄ°NG👑 (@Eza_ademm) July 25, 2025
Founder Response: A Call for Patience
In a recent statement, Pi Network co-founder Dr. Nicolas Kokkalis acknowledged the price dip and delays, attributing them to broader market conditions and the project’s developmental phase. He emphasized that Pi is still in its Enclosed Mainnet phase and urged users to focus on long-term utility rather than short-term price movements.
However, many users found the response insufficient. As one Pioneer put it: “We’ve waited six years. This silence speaks volumes.”
Security Risks and Scams
The chaos has created fertile ground for scammers. Fake support agents are exploiting confused users by distributing phishing links, fraudulent KYC reset services, and fake migration forms. The Pi Core Team has urged users to rely solely on official channels, but enforcement remains weak.
Infrastructure Challenges and Technical Debt
Behind the scenes, Pi Network appears to be grappling with scalability issues. Backend sync failures, UI bugs, and incomplete migration logic suggest that the infrastructure may not be ready for mass adoption. The Horizon Upgrade in May 2025 introduced validator-based consensus and dApp integration, but these features have yet to stabilize the network.
The Road Ahead: Can Pi Recover?
To restore trust and functionality, Pi Network must prioritize:
Resolving KYC and 2FA issues
Improving wallet synchronization and migration logic
Enhancing transparency around tokenomics and governance
Engaging the community through regular updates and support
The upcoming migration wave on June 28, 2025, will be a critical test. If successful, it could mark a turning point. If not, the project risks losing its most valuable asset—its community.
Conclusion: A Moment of Reckoning
Pi Network’s journey from mobile mining novelty to Web3 contender has been anything but smooth. While its vision remains compelling, execution has faltered. The frustration voiced by users like @Eza_ademm reflects a broader crisis of confidence. Without decisive action, Pi risks becoming a cautionary tale in the crypto world—a project that promised empowerment but delivered delay.
The Core Team must act swiftly to resolve technical issues, rebuild trust, and fulfill the promises that brought millions of users into the fold. The future of Pi Coin—and the credibility of the Pi Network—depends on it.
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