Pi Network has removed many accounts associated with illegitimate transactions from its blockchain as part of increased efforts to prevent fraudulent behavior. This move underscores the platform’s commitment to maintaining the integrity of its ecosystem during the closed open mainnet phase.
Over the past few months, Pi Network has stressed that buying or selling Pi outside of its official channels is prohibited. The platform is currently in a closed open mainnet phase and is not yet listed on any cryptocurrency exchange.
For this reason, the core team closely monitors suspicious activity and takes proactive measures to remove accounts involved in unauthorized trading activities.
A Pi Network spokesperson stressed: “Our team is committed to identifying and combating fraudulent accounts. It is critical to protect the integrity of the system and ensure that Pi Network remains a safe and reliable platform.”
Pi Network is currently in its limited open mainnet phase and is not yet listed on cryptocurrency exchanges, making the trading ban crucial. There are currently no formal channels for exchanging Pi outside of its network.
Unauthorized transaction activities expose users to risks such as fraud and potential financial loss. To protect its community and prevent dangerous behavior, Pi Network enforces the ban on unauthorized transactions.
The team is now focused on preparing for the Open Mainnet launch, which will open the Pi Network to the public and enable official trading. They are working diligently to ensure a seamless transition and to make sure all systems are up and running before Pi becomes available on exchanges.
Pioneers should remain vigilant and avoid unauthorized trading offers. By adhering to official guidelines and staying informed, they will contribute to the success of Pi Network and help build a safe and thriving ecosystem.
As the Open Mainnet launch approaches, Pi Network asks for continued support and patience from all members to realize its full potential and benefits.
Also read: Pi Network reminds to submit KYC before September 30
