2025-04-19 14:10:34

#BTC #PI Warning Alert: Three SEC action signals

Last month, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury ( FinCEN ) conducted a search into the banking operations of the core team of Pi and discovered that at least 43 million dollars in "ecosystem funds" had been transferred through offshore companies, the origin of which is questionable.
The vulnerability of the KYC system in the Pi application is serious, and data sellers on the dark web are selling 27 million user data for 0.03 BTC, raising concerns about the security and compliance of Pi Network.
The project's developers refused to disclose the technical agreement with the Stellar Development Fund, there are suspicions of code plagiarism, and legal risks continue to accumulate.

BTC-1,3%

PI-2,91%

EL1,79%

UNA-3,76%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes

Reward
1
2
Repost
Share

Comment

0/400

GateUser-56e2a89d

· 2025-04-19 14:43

Haters, there are reasons for the black PI. With the release of PI, Bitcoin has dropped, and now many Bitcoin pros are afraid of the success of PI, so the haters have all come out.

View OriginalReply0

PiStyle888

· 2025-04-19 14:14

fart

View OriginalReply0