A day after its mainnet and official Pi coin were launched, Pi Network issued an official warning to its community about unofficial Pi coin listings found on decentralized exchanges (DEXs).
Till now, nine centralized exchanges have listed Pi coin and readers can check about them here. The Pi Network has claimed that till now no decentralised exchange has listed the official Pi coin.
The network warned users about trading pairs listed on these platforms because they lack official recognition which makes them potentially fraudulent and dangerous for financial security.
As of February 20, 2025, Pi Network has launched its Open Network phase, allowing for external connectivity. However, the official Pi coin is currently available only through businesses that have completed the “Know Your Business” (KYB) verification process.
These verified businesses are authorized to hold Pi Mainnet wallets and are listed on Pi Network’s official website. Users are strongly advised to interact exclusively with these KYB-verified entities to ensure the legitimacy and security of their transactions.
Previously, Pi Network has identified unauthorized Pi listings on exchanges such as Huobi, which were not affiliated with the official Pi Network and posed potential risks to users.
To protect your assets and ensure a safe experience within the Pi ecosystem, always refer to the list of KYB-verified businesses on the official Pi Network website before engaging in any transactions.
Also Read: Pi Network Breaks Uniswap’s Record with $12.6B Airdrop
