Scammers Push Fake DEX Links

As the project advances toward open mainnet, Pi Network security is in the spotlight with a fresh warning on phishing scams and wallet protection.

Pi Network issues global alert on wallet safety

Pi Network has released a new safety alert to its worldwide community, urging users to protect their wallets from scams and phishing attacks as the network progresses through its open mainnet phase. Moreover, the team stressed that wallet security is now more critical than ever for Pioneers holding Pi.

The warning was circulated via official Pi communication channels and quickly amplified by community leaders. It highlights that Pi wallets are non-custodial, meaning only the user controls the private keys. If a password or wallet passphrase is stolen, the associated Pi balance can be lost permanently, since blockchain transactions are irreversible and cannot be rolled back.

In practical terms, if you lose access to your wallet, your Pi is effectively gone. Pi Network explained that increasing numbers of fake websites, apps and social media accounts are attempting to trick users into revealing their wallet credentials. However, these bad actors often pose as Pi staff, the Pi Care Team or official support channels to appear legitimate and build trust.

Once scammers obtain a passphrase, they can drain a wallet within seconds. The team reiterated that Pi Network will never ask for your password or passphrase under any circumstances. Users are therefore advised to treat any such request as a clear red flag and report it through official community channels where possible.

Fake DEX links and classic phishing tactics

Pi Network detailed several common tactics used by scammers targeting Pioneers. These include fake DEX links and imitation websites designed to look exactly like official Pi pages, as well as deceptive advertisements running on major social media platforms. Some messages claim users have won free Pi or must verify their wallets to avoid losing funds.

According to the alert, certain fraudsters have gone further by creating counterfeit Pi applications and browser extensions. Moreover, they send links that seem official but redirect to phishing pages built to harvest passwords and passphrases. The team warned users not to trust unsolicited messages or links, even when they appear highly professional and use Pi branding.

Scammers also promote fake decentralized exchange offers, including links that promise unrealistic exchange rates such as 1 Pi = $314. That said, Pi Network emphasized that any offer guaranteeing a fixed external price or instant liquidity should be treated with extreme caution at this stage. If anyone claims they can help you unlock Pi faster or double your coins, it is a scam. There are no shortcuts or secret acceleration methods.

Only use the official Pi Browser wallet

To counter these risks, Pi Network reminded users that the only safe way to access their wallet is via the official Pi Browser. The correct wallet URL is http://wallet.pinet.com/, and the team urged Pioneers to verify the address carefully each time they log in. Moreover, they recommended bookmarking the official page to avoid typos or search-engine impersonation.

Users should never enter their passphrase or password on any other website, application or browser extension. If a page looks suspicious, loads unexpectedly or asks for sensitive information in an unusual way, the safest response is to close it immediately. The alert also advised avoiding random links shared in social media posts, direct messages or unofficial Telegram groups connected to Pi.

The project framed this advice as part of broader wallet passphrase security best practices that apply across the crypto sector. However, Pi Network noted that many new Pioneers may be interacting with a blockchain wallet for the first time, making clear and repeated guidance essential as adoption grows and more value moves on-chain.

Non-custodial model and ongoing decentralization testing phase

Pi Network underlined that its wallet design follows a non custodial wallet model, in which users, not the project team, control their private keys. This structure removes the need to trust a central operator with funds but also places full responsibility for security on the individual. In this context, users must store passphrases safely and never share them with third parties.

The team clarified that the project is still in a gradual decentralization testing phase and has not yet become fully open-source. Full decentralization will only occur once internal testing and technical checks have been completed. That said, this transition period is often when scammers are most active, exploiting confusion around new features, expected upgrades and mainnet timelines.

Pi Network stated that it plans to fully open-source the network after testing concludes, calling this a major milestone for the broader ecosystem. Moreover, the alert suggested that as the network matures and more value flows through mainnet, attackers may intensify their efforts. As a result, Pi Network security practices adopted by users today will play a decisive role in protecting future holdings.

New 2025 Review feature launched inside the app

Alongside the warning, Pi Network rolled out a new in-app feature called “2025 Review”. Pioneers can access it by tapping the “2025 Review” button located next to the chat icon. Once opened, the tool presents an overview of a user’s mining progress, milestones and achievements from the previous year, offering a snapshot of their journey within the ecosystem.

The feature is designed to help users reflect on their participation and understand how their individual contributions fit into the network’s broader growth. Moreover, it reinforces the idea that steady engagement and secure wallet management matter more than chasing quick gains or falling for suspicious offers promising instant rewards.

While the 2025 Review focuses on historical activity, it also subtly highlights the importance of safeguarding the Pi that users have already earned. That said, the team linked this retrospective view with a forward-looking message: as Pi advances toward greater decentralization, long-term value will depend heavily on how well Pioneers protect their accounts today.

Staying safe as Pi approaches full decentralization

The alert closed with a direct, memorable reminder for all Pioneers: never share your password, never share your wallet passphrase, and only trust official Pi links. In the project’s view, these three rules sit at the core of Pi wallet safety and should guide every user interaction, especially when confronted with unsolicited offers or urgent-sounding requests.

Moreover, the team urged users to educate friends and family who may have joined Pi recently or who are less familiar with digital asset risks. Community-level awareness can reduce the overall impact of phishing waves, fake DEX campaigns and other social engineering attacks that rely on inexperience or haste.

As Pi moves closer to full decentralization and completes its testing roadmap, the combination of robust infrastructure and vigilant users will be vital. Ultimately, strong individual habits around Pi Network security today could be the difference between preserving or losing future value as the ecosystem matures.

In summary, Pi Network’s latest communication pairs a stark warning about phishing and impersonation with a new 2025 Review feature that celebrates user progress, underscoring that protecting passphrases and using only official tools remain the first line of defense.