Pi Network Halts Payment Requests After Scam Drains 4.4 Million Pi Coins

The Pi Network community reported a significant scam where attackers used the network's payment request feature to drain user funds. By scanning the blockchain for large balances and sending deceptive payment requests, scammers tricked users into approving transfers. Community alerts clarified that this was not a protocol vulnerability but a social engineering attack, as users must personally approve transactions. Tracking revealed that a single wallet address was responsible for accumulating over 4.4 million Pi coins, with monthly thefts ranging from 563,000 to nearly 878,000 Pi. In response to the escalating losses, the Pi Team temporarily suspended the 'send payment request' feature as a stopgap measure while assessing potential new safeguards. Users are strongly advised not to approve any payment requests until the feature is restored with enhanced security.

(Source：BeInCrypto)