The PI network, an encrypted currency project that recently opened its network for public arrival, continues to deal with the problems of credibility as it extends a final date for decisive verification, which leads to the renewal of doubts between Crypto users.
The project, which allows users mining its PI icon through the mobile phone application, has repeatedly on the deadline for completing the known investigations (KYC) and deporting its main network.
This operation, which was called “the period of allowing”, was appointed at first to the conclusion in February, and then it extended to March 14, a step, while some accusations were welcomed by possible delay and fraud.
Stark warning
Now, the PI team issued an anxious warning: Users must complete the verification procedures through the new deadline or risk the risks of most of their accumulated PI symbols, except for those who were mined over the previous six months.
The allowance period requires that both Kyc and MainNet be completed to deport by 8:00 am International time on March 14, 2025, to avoid losing most PI other than PI within the window in the last 6 months before the PI migration – the project Books on social media.
Although the team pledged that there will be no more additions on the deadline, many of them in society are still not convinced, pointing to the history of the project for the lengthy delay. This style has fueled a growing sense of distrust, as some users claim that the project is a sophisticated fraud.
History of the controversial B network
The history of the PI network was immersed in the controversy, with an internal crisis returning in the year 2020 surrounding its participating founders, which leads to Allegations From financial mismanagement. This conflict was only resolved in 2023, with details about how it was settled on secrecy.
The project was accused of working like the pyramid scheme because of its lack of transparency, while others say the structure is similar to the Bonzi scheme. Earlier, CEO of BYBIT Bin Chu He cited a warning from the Chinese police To accuse the PI network of fraud.
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