PI coins! ! ! ! ! Have you become rich? ? ? ?

The scam was exposed! Pi coins collapsed, and 23 billion was wiped out. Picoin, once touted as an opportunity to become rich by "zero cost", has now completely collapsed and has become a shocking scam. In February 2025, Shutai launched a heavy blow, freezing 18,000 accounts involved in the case, arresting 37 main culprits, and uncovering the dark side of the scam involving the amount exceeding 23 billion yuan. Picoin founder Nicolas has long been absconded with the money, and the official website still uses old pictures from 2015, and the white paper content is pieced together and plagiarized, and the transaction processing ability is poor, with only 7 transactions per second. What is even more shocking is that 73% of nodes are actually controlled by the same IP address, which completely confirms the essence of Pi coin pseudo-blockchain. The harvesting model of the scam is in a four-layer pyramid structure: 1. Top level: the scam mastermind disguised as a "doctor" and uses the public's trust in professionals to package the scam. 2. Middle-level: Team leader who is crazy about attracting people can receive up to 800,000 commission per month, with a commission ratio of up to 32%. 3. Lower level: Innocent investors, especially middle-aged and elderly people, spend all their savings or even mortgage their real estate, and eventually lose all their money. How to avoid similar scams? 1. Beware of unopen source projects: the code is opaque, which means that the project can modify the rules at will and hide risks. 2. Avoid unaudited cryptocurrencies: Projects that lack professional review are highly susceptible to vulnerabilities and fraud risks. Investment should be cautious, there will be no pie falling from the sky, and any project that promises to "get rich by zero cost" is often a trap!