TLDR
- Pi Network has warned users after a sharp increase in passphrase theft reports.
- Community figures claim Pi has achieved EU Layer-1 digital asset status.
- Mobix has launched Pi-based delivery services with payment support in Pi.
- November 28 is expected to bring major updates to the Pi Network ecosystem.
Pi Network has issued a critical warning to its global community following a sharp rise in passphrase-related scams. As scammers target users with increasing frequency, Pi reminds Pioneers that lost funds are nearly impossible to recover due to its secure wallet design. This alert comes amid growing excitement over rumored EU recognition and expanding app-based utilities, placing Pi at the center of both innovation and urgent security concerns.
Security Warning Issued Following Surge in Scam Activity
Pi Network has released an urgent warning to its user base following a rise in passphrase-related scams. According to official posts from Pi-focused accounts, users who believe their wallets have been compromised are advised to report incidents immediately using the Pi scam report portal.
Victims are instructed to collect evidence such as screenshots, wallet addresses, usernames and any relevant communication. These details will support the investigation and help prevent future scams. The Pi Core Team reminded users that once a wallet passphrase is leaked, control over the funds is permanently lost due to the platform’s non-custodial design.
“Never share your passphrase. Once stolen, the recovery of Pi is almost impossible,” warned one security-focused Pi account on November 26. Users were also told to create a new wallet if they suspect any compromise.
Unconfirmed Claims of EU Recognition Stir Community Hype
Several Pi Network supporters are claiming that Pi has received recognition under European digital asset regulations. According to posts shared on November 25, Pi has allegedly secured a DTI ISO 24165 registration, and community members have linked it with MiCA (Markets in Crypto-Assets Regulation) compliance.
One widely shared post stated, “#PiNetwork is the first digital currency officially registered as a Layer 1 crypto asset within the European Union.” However, the Pi Core Team has not issued an official confirmation of this status through its formal press channels or website.
These claims have added to community anticipation around the upcoming November 28 update, although the details surrounding the regulatory claims remain unverified.
Pi App Ecosystem Grows with Pi-Powered Delivery Launch
In parallel with the regulatory discussions, the Pi ecosystem continues to expand with new use cases. Mobix, a commerce platform integrated with Pi, announced the rollout of its new delivery services that accept Pi as a form of payment.
The service includes doorstep delivery, rapid shipping, and direct checkout using Pi coins. This move adds to a growing number of applications and merchants experimenting with Pi payments in real-world transactions.
Mobix is one of several apps in the Pi ecosystem aiming to bridge the gap between mining and actual utility. With more projects supporting Pi, users now have options to spend their coins beyond simple peer-to-peer transfers.
Community Focused on November 28 as GCV Debate Builds
Community discussions remain focused on the upcoming November 28 date, which many expect to bring new developments. A growing number of users claim that Pi Network has embedded a Global Core Value (GCV) of $314,159 into its ecosystem. Others argue that a true market price can only emerge after the introduction of decentralized trading.
While some expect Pi to be listed publicly, others believe that tokenized versions may appear first. Several community voices have said that internal trading tools might launch before any external exchange listings. The Core Team has not issued specific guidance on what features or pricing models will be introduced.
As the date approaches, speculation and misinformation continue to circulate. Many users remain unclear about what changes are coming, yet engagement across platforms has noticeably increased.
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