Pi Network Issues Urgent Security Warning Amid EU Regulatory Claims and November 28 Hype

Pi Network has issued an urgent security alert to its community following a surge in passphrase-related scams, urging users to report any stolen balances immediately through the official Pi reporting portal. Victims are advised to gather evidence such as screenshots, usernames, and wallet addresses, and to create new wallets if compromised, as recovery is nearly impossible once a passphrase is exposed.

Simultaneously, community figures have claimed that Pi Network has been registered as a Layer-1 encrypted digital asset within the European Union, referencing DTI ISO 24165 and MiCA compliance, though official confirmation from the Pi Core Team is pending. This alleged recognition is tied to digital identity standards and could bolster Pi's legal standing for real-world use cases.

Hype is intensifying around a major announcement expected on November 28, with speculation linking it to mainnet progress, ecosystem expansion, or the embedded Global Core Value of $314,159. Debates persist over whether public listings will involve Pi itself or tokenized versions, and internal trading systems may activate before external exchange exposure. Confusion remains high among the 60 million users, fueling both excitement and misinformation.

In practical developments, Mobix has rolled out delivery services accepting Pi payments, emphasizing fast shipping and seamless transactions, which supporters see as a step toward active spending adoption. Additionally, Pi Network is advancing privacy features with ZK-proof-based capabilities planned for all users post-mainnet, aiming to surpass existing chains like Stellar in accessibility.