Fake Pi Coins Appear on Prashu DEX Amid Unverified Stellar Integration Rumors
Fraudulent listings purporting to supply Pi Coins (PI) for buying and selling on the Stellar (XLM) blockchain have emerged on a decentralized change (DEX), prompting warnings from customers.
The rip-off surfaced amid rumors suggesting that Pi Network may leverage Stellar as a settlement layer for its upcoming decentralized functions (dApps).
Scam Warning: Fake PI Listings Appear on Prashu Platform
Screenshots circulating on X (previously Twitter) confirmed an interface from the platform Prashu that included a number of “PI” belongings supposedly available for trading. The listings included value and issuer particulars designed to imitate reliable tokens, giving the impression of authenticity.
However, outstanding Pioneers shortly raised the alarm, labeling the listings as fake and urging customers to not work together with the platform.
“This is a rip-off – don’t purchase PI on the Stellar community. For all we all know Prashu is in on the rip-off. The addresses linked to the tokens are clearly pretend,” a Pioneer stated.
Notably, Prashu, marketed as a Stellar-based DEX, has been suspended. It’s not the primary time that the platform has been concerned in such an issue.
In August, a consumer publicly accused Prashu of theft following a rigged giveaway that lured contributors into revealing non-public keys, ensuing within the lack of crypto holdings.
“SCAM ALERT!!!! They stole my tokens. Someone organized a giveaway – 1000 XLM to win – you needed to make any transaction on Prash. They offered a hyperlink to an change, and the one “Wallet Connect” possibility was a personal key. You needed to just like the put up, retweet it, and remark “completed”. And I did it. The subsequent day, USDC and TKG disappeared from my account,” the consumer explained.
Protocol Confusion: Pi Network’s Path Versus Stellar
The rip-off coincides with unverified reviews of a Pi-Stellar partnership. One consumer claimed Pi Network will launch real-world asset trading dApps utilizing Stellar because the settlement layer. The post said,
“Pi Network is predicted to launch dApps for RWA buying and selling by early 2026, with XLM because the settlement layer. This is including 60 million customers to the Stellar XLM ecosystem with a single integration. Unlocking on the spot entry to its full DeFi infrastructure. Parallel transactions & good contracts allow buying and selling of real-world belongings.”
However, as soon as once more, the neighborhood was fast to query the credibility of those claims. Many Pioneers identified that Pi Network already operates on its personal blockchain, so it doesn’t want Stellar.
“That doesn’t even make sense. Pi would use it’s personal blockchain for settlement,” one other consumer replied.
Furthermore, neither Pi Network’s Core Team nor the Stellar Development Foundation has made any official bulletins confirming such a collaboration. The absence of official statements additional emphasizes that the partnership narrative possible stems from neighborhood hypothesis somewhat than verified developments.
Meanwhile, Pi Network and Stellar have a long-standing and infrequently complicated relationship. Although the Pi Network borrows from Stellar, the blockchains stay separate. Owning XLM gives no privileges within the Pi Network, and precise PI transactions don’t work together with Stellar’s ledger.
Official documentation clarifies the excellence: Pi Network’s consensus mechanism is tailored from two key applied sciences: the Stellar Consensus Protocol (SCP) and the Federated Byzantine Agreement (FBA)
This allows energy-efficient validation by way of belief graphs, eschewing proof-of-work’s energy calls for. The separation was reiterated in Pi Network’s August announcement of its protocol upgrade from version 19 to 23.
“Pi Network is making ready an necessary improve: the transfer from protocol model 19 to model 23. The Pi protocol is tailored from Stellar protocol. This model is a customized Pi protocol constructed on a base pulling upgrades from Stellar protocol model 23 that permits new layers of performance and management,” the crew stated.
The newest pretend token incident once more highlights how shortly misinformation can unfold in crypto communities—particularly when rumors of high-profile partnerships achieve traction. While Pi Network and Stellar share sure technical roots, they continue to be separate ecosystems.
Thus, customers ought to stay cautious, confirm data from trusted sources, and keep away from partaking with unverified platforms claiming to record or commerce Pi Coins.
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