Fraudulent Pi Coin airdrop lures victims into zero balances, but Pi Core’s team has come up with a cutting-edge solution.
Pi Network just mapped out a serial Pi scam wallet that’s allegedly draining multiple accounts on the Pioneers’ native chain. A network moderator has flagged the crypto wallet involved in counterfeit action, exposing the scammer’s plot.
According to the moderator this suspicious crypto wallet had stolen Pi Coin (PI) after unlocking, then split it into hundreds of other wallets to make it harder to keep track of the nature of these funds. As Pi Network’s Core team is implementing extra security measures, another Pioneer posted an example of this vicious cyberattack.
Fresh Security Measures Arrive On Pi Network
Despite Pi’s Core team emphasizing the importance of Pi Wallet security numerous times, some Web3 users get lured into faux airdrops. In one such instance, a victim received a fraudulent Pi’s 6th birthday message, asking the user to connect their wallet for the supposed instantly claimable crypto prize.
Surely, this campaign has a pretty dark plot twist, as all Pi Coins are immediately siphoned from the crypto wallet, leaving the victim’s digital pockets skint. As the user fills in the passphrase, all data & digital assets on-balance become vulnerable to unauthorized transfers to unlimited amounts of crypto wallets.
For the uninitiated, Pi Network’s team recently launched a fresh security update in the Pi Safety Center, which is only accessible via the official Pi Network app. This front-line tool against rising scams on Pi’s mainnet suggests using extra security precautions like the PassKey function, which uses device-level authentication, for instance bio-metrics or PIN codes.
Dig into DailyCoin’s top crypto news:
EVE Frontier’s Free Trial Offers Players a Glimpse Into Cycle 2
$513M Unlock Explosion Coming: SOL, APT & TRUMP Burst Out
