Pi Network Faces Growing Criticism as Users Report Missing Tokens After KYC and Mainnet Migration

Pi Network, a mobile-first blockchain project that’s built a large user base over several years, is facing mounting backlash from its community. Users are reporting missing Pi tokens despite successfully completing the Know Your Customer (KYC) process and mainnet migration—two critical milestones that were expected to unlock full access to their balances.

Tensions boiled over following a recent announcement from the Pi Core Team, which released updated wallet security guidelines. Instead of calming concerns, the update ignited further frustration. Many users who claim to have followed all instructions to the letter say their wallets are still empty, with some seeing multiple wallet addresses linked to a single account—raising questions about system integrity.

The outcry has spilled onto social media. On X (formerly Twitter), users have shared screenshots of blank wallets, citing fears of technical failures or even potential fraud. One long-time contributor, Haifeng Chen, voiced his anger in a post directly addressing the Pi team: “Give me back that damn Pi. I’ve worked hard for six years. You still haven’t mapped it. What’s the delay?”

This sentiment reflects a broader dissatisfaction. Many feel they’ve been left in the dark, with the Pi Network offering vague assurances but little in terms of concrete updates or timelines. Repeated delays in token mapping and the lack of detailed communication have significantly eroded user trust.

The Pi Core Team has acknowledged the problems and claims to be working on resolutions. A rumored Phase 2 update is reportedly in the works, which may address the KYC bottlenecks and wallet inconsistencies. Still, with no official date confirmed, uncertainty remains high.

Meanwhile, the price of Pi has dipped. At the time of writing, it trades at $0.6286—down 1.5% on the day. From a technical perspective, the token is struggling to regain upward momentum. It’s consolidating below key moving averages, with resistance forming near the 20-day SMA at $0.70. A failure to reclaim that level could see the price drop toward the $0.55 support zone. The Relative Strength Index (RSI) hovers around 40, signaling weak momentum, although stochastic RSI indicators hint at a potential short-term bounce.