Pi Network Hit With $10 Million Fraud Lawsuit as Community Disputes Key Claims
Yahoo Finance·2025-12-08 11:14
pi network, pi scam, fake pi. Photo by BeInCrypto SocialChain Inc., the company behind Pi Network, is facing a $10 million lawsuit after an investor accused it of orchestrating a fraud scheme. The complaint alleges that the company conducted unauthorized token transfers, secretly sold 2 billion Pi tokens, and deliberately delayed network migration. These actions reportedly triggered a dramatic collapse in the token’s price. Federal Securities Fraud Lawsuit Challenges Pi Network Leadership According to c ...