Pi Network faces AI KYC overhaul, heavy 182M token unlocks, CiDi Games tie-up and $10M lawsuit risk

first published 2025-12-10T11:50:49Z

A U.S. investor sued SocialChain Inc., Pi Community Company and Pi Network executives in the Northern District of California on Oct. 24, 2025 seeking $10M after claiming >$2M losses, alleging a dramatic price collapse and an unauthorized transfer of 5,137 Pi. A crypto/AI researcher labeled the complaint “deeply flawed,” saying the $307.49 price cited appears to be a third‑party Pi IOU price, Pi warned users not to trade IOUs, and there is no public blockchain proof linking the transfer to Pi Network. The filing coincided with an ~8% market drop to ~$0.21 and warnings from Chinese financial associations that raised delisting concerns.

AI Analysis

Facts: plaintiff filed a $10M complaint alleging multi‑year fraud, claimed a price collapse and an unauthorized transfer of 5,137 Pi; a researcher disputed key price and transfer claims (IOU price, no public blockchain proof); the news pressured Pi’s market price (~8% drop to ~$0.21) and coincided with Chinese associations warning Pi as risky and raising delisting concerns.

Source Articles