The post Pi Network Mod Flags Scammer Wallet Linked to Multiple Token Thefts appeared on BitcoinEthereumNews.com.

A Pi Network moderator has flagged the wallet involved in stealing Pi tokens from multiple users. This comes just a week after the core team warned users about token security as they get ready for a possible second migration. Pi Network Moderator Flags Scam Wallet In a recent X post, a Pi Network moderator highlighted a suspicious wallet reportedly used by a scammer. According to them, the scam wallet user has been taking advantage of account unlocks to steal Pi from unsuspecting users. This person subsequently uses a wallet that distributes the stolen funds across multiple smaller wallets. this wallet is being used by a Pi scammer. He steals pi when it unlocks and then splits it into hundreds of other wallets all stolen. GD7HK7QQG372CKUWDWGWQLH4F3WKNBPLIWFYCXT6HHJ7DIOHPA4YFRUS pic.twitter.com/4iOgTo2cKZ — r/PiNetwork (@PiNetworkUpdate) September 7, 2025 The flagged address highlights concerns about the security of digital assets and the vulnerability of users in decentralized systems. This news comes as Pi Network is increasing efforts to implement safety measures to protect its Pioneers. Pi influencer Woody Lightyear has also been urging members to take extra precautions. Lightyear reiterated the Pi Core Team’s reminders about wallet safety, warning that phishing scams remain rampant. He stressed that many victims would still continue to fall prey to fake websites. He also shared a post pointing to another victim. The Pi Core Team recently rolled out fresh security updates within the Pi app. Users were advised to trust only official communications and to verify information via the Pi Safety Center. The Safety Center provides detailed steps on protecting assets and has become the project’s frontline tool against scams. A key upgrade in the Pi Wallet is the new PassKey option. Screenshots of the update show this feature next to account verification details. PassKeys use device-level authentication, such as biometrics…

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Filed under: News - @ September 8, 2025 11:23 am