Pi Network Warning: Hack Fears Grow After Dubious Post on X
A current submit on X (previously Twitter) raised suspicion that the co-founder of Pi Network, Nicolas Kokkalis, might need change into a sufferer of a hacking assault. In the next strains, we’ll study what occurred and what each member of the group must know.
Hack or Not?
Earlier this week, one in all Pi Network’s co-founders, Dr. Chengdiao Fan, announced that the mission has deployed new decentralized alternate (DEX) and automatic market maker (AMM) liquidity pool options to its blockchains. The instruments (initially out there solely on Testnet) permit Pioneers to experiment instantly with token swaps and supply training about DeFi earlier than taking part on Mainnet and interacting with actual PI tokens.
The replace stirred large enthusiasm throughout the group, with many members flooding X to have a good time the information. One doubtful account, which isn’t the official one behind the crypto mission, additionally highlighted the important thing advantages of the event.
Interestingly, Pi Network co-founder Nicolas Kokkalis forwarded the submit, sparking speculation that hackers might have breached his X account.
PI customers are strongly suggested to remain cautious and keep away from falling for deceptive updates or unverified bulletins. To keep protected, they need to rely solely on trusted sources of data, such because the official Pi Network account on X and different confirmed communication channels managed by the workforce.
PI Price Outlook
Despite the large Pi Network replace and the substantial resurgence of the crypto market, Pi Network’s native token stays in pink territory. It has plummeted by 25% on a month-to-month scale, at present buying and selling at roughly $0.26 (per CoinGecko’s knowledge).
Many group members have began to lose hope that the asset can reclaim its peak ranges witnessed initially of 2025, whereas some necessary metrics counsel that the pullback would possibly intensify within the brief time period.
The quantity of tokens saved on crypto exchanges continues to rise, which will increase the promoting strain. On prime of that, thousands and thousands of cash are set to be unlocked over the following 30 days, giving buyers a chance to money out.
The submit Pi Network Warning: Hack Fears Grow After Dubious Post on X appeared first on CryptoPotato.
