The post Why a Suspended DEX Is Stirring Drama Around Pi Network appeared on BitcoinEthereumNews.com.

Fraudulent listings purporting to offer Pi Coins (PI) for trading on the Stellar (XLM) blockchain have emerged on a decentralized exchange (DEX), prompting warnings from users. The scam surfaced amid rumors suggesting that Pi Network might leverage Stellar as a settlement layer for its upcoming decentralized applications (dApps). Sponsored Scam Warning: Fake PI Listings Appear on Prashu Platform Screenshots circulating on X (formerly Twitter) showed an interface from the platform Prashu that included multiple “PI” assets supposedly available for trading. The listings included price and issuer details designed to mimic legitimate tokens, giving the impression of authenticity. PI Network Scam On Parshu. Source: X/fen_leng However, prominent Pioneers quickly raised the alarm, labeling the listings as fake and urging users not to interact with the platform. “This is a scam – do not buy PI on the Stellar network. For all we know Prashu is in on the scam. The addresses linked to the tokens are clearly fake,” a Pioneer stated. Notably, Prashu, marketed as a Stellar-based DEX, has been suspended. It’s not the first time that the platform has been involved in such a controversy. Sponsored In August, a user publicly accused Prashu of theft following a rigged giveaway that lured participants into revealing private keys, resulting in the loss of crypto holdings. “SCAM ALERT!!!! They stole my tokens. Someone organized a giveaway – 1000 XLM to win – you had to make any transaction on Prash. They provided a link to an exchange, and the only “Wallet Connect” option was a private key. You had to like the post, retweet it, and comment “done”. And I did it. The next day, USDC and TKG disappeared from my account,” the user explained. Protocol Confusion: Pi Network’s Path Versus Stellar The scam coincides with unverified reports of a Pi-Stellar partnership. One…

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Filed under: News - @ October 20, 2025 2:28 pm