The Pi coin has collapsed, those who are dreaming of getting rich quick should reconsider!

The Pi coin has collapsed, those who are dreaming of getting rich quick should reconsider! In February 2025, the PRC police froze 18,000 related accounts and arrested 37 core promoters

The Pi coin has reportedly collapsed, and those who are still dreaming of getting rich quickly should reconsider!

As reported by a post on tokenview, in February 2025, the PRC police froze 18,000 related accounts and arrested 37 core promoters, with the amount involved exceeding 23 billion yuan.

The founder of Pi coin, Nicolas, actually left the team a long time ago, and the photo on the official website is an old picture from his academic event in 2015.

Moreover, the technical white paper of Pi coin is plagiarized from public chains like Cardano and Polkadot, and even the key chapters were generated using AI.

Pi coin has constructed a four-layer harvesting pyramid, with the top layer being those fraudsters touted as Stanford PhDs, the middle layer consisting of million-dollar team leaders who earn commissions of up to 32% by developing downlines, and some even earn 800,000 a month. The bottom layer consists of middle-aged and elderly groups who have been brainwashed, mortgaging their properties and investing their retirement savings just to acquire others' Pi coin accounts, ultimately losing everything.

From a technical perspective, Pi coin is a complete sham chain. Its transaction processing capacity is only 7 transactions per second, which is less than one-tenth of Bitcoin's. Furthermore, 73% of the nodes are actually controlled by the same IP range.

How to identify the next Pi coin: first, check if the code is open source; second, look for a technical audit report; third, see if there are real on-chain activities. Six major characteristics of pyramid schemes: emphasizing zero-cost wealth, requiring the development of downlines, promoting secret national support, silencing skeptics in the community, using overseas servers to evade supervision, and having a vague background of the founder.

There are no free lunches; true wealth can only be obtained through your own efforts and wisdom! Beware of scams, join the discussion group!