Pi Network has issued an urgent alert to its community following a rise in passphrase-related scams. Security-focused Pi accounts are urging users to report any stolen balances immediately through the project’s official reporting portal. Affected users are advised to compile evidence—including screenshots, usernames, wallet addresses, and any contact information connected to the scam—before submitting a report.
The warning underscores a simple but vital rule: never share your passphrase. Once it’s exposed, control of the wallet is lost, making recovery nearly impossible. Users who suspect their wallets have been compromised are advised to create a new one immediately. As Pi’s ecosystem expands and community expectations grow, scammers are becoming more aggressive, making user awareness the most critical line of defense.
Pi Users Report New EU Recognition as a Layer-1 Digital Asset
Alongside security concerns, Pi Network is attracting attention for claims of regulatory recognition in Europe. Some community members have stated that a European government-linked framework has registered Pi as a Layer-1 encrypted digital asset. These reports tie the recognition to digital identity standards and ISO-level classifications, rather than direct approval under MiCA regulations.
Supporters argue that this recognition could set Pi Network apart from typical crypto projects, giving it a legal and technical foundation that may support future real-world use cases. However, these claims remain speculative, as the Pi Core Team has not provided official confirmation through press channels. Nevertheless, the discussion has fueled significant excitement ahead of the anticipated November 28 update.
November 28 Builds Hype Amid GCV and DEX Debates
November 28 continues to dominate community conversations. Some users claim that Pi Network has already embedded the long-rumored Global Core Value (GCV) of $314,159 into the ecosystem. Others contend that a real market price cannot emerge until a decentralized exchange (DEX) launches. Debate also surrounds whether public listings will feature Pi directly or tokenized versions first.
Many community members expect internal trading systems to activate before broader external exchange exposure. Despite the hype, uncertainty remains high. Many early adopters are unclear about what exactly will be released, priced, or unlocked after November 28—an ambiguity that has fueled both excitement and misinformation.
Pi Payments Expand as Mobix Launches Delivery Services
Beyond speculation, Pi Network’s utility continues to grow. Mobix, a Pi-integrated commerce platform, recently announced new delivery services accepting Pi payments, promising fast shipping, doorstep delivery, and seamless transactions. This is among several real-world use cases emerging within the Pi ecosystem in recent months. Supporters see it as evidence that Pi is gradually moving from mining and holding toward active spending and adoption.
With more Pi-based platforms launching and rumors of major system updates looming, ecosystem activity is accelerating. At the same time, rising attention has attracted bad actors. Pi Network’s focus is now twofold: advancing its ecosystem while protecting users. Tools and services are expanding, risks are increasing, and all eyes remain on the November 28 update.
