Fraudulent listings purporting to supply Pi Cash (PI) for buying and selling on the Stellar (XLM) blockchain have emerged on a decentralized trade (DEX), prompting warnings from customers.
The rip-off surfaced amid rumors suggesting that Pi Community may leverage Stellar as a settlement layer for its upcoming decentralized functions (dApps).
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Rip-off Warning: Pretend PI Listings Seem on Prashu Platform
Screenshots circulating on X (previously Twitter) confirmed an interface from the platform Prashu that included a number of “PI” belongings supposedly out there for buying and selling. The listings included value and issuer particulars designed to imitate reputable tokens, giving the impression of authenticity.
PI Community Rip-off On Parshu. Supply: X/fen_leng
Nonetheless, outstanding Pioneers rapidly raised the alarm, labeling the listings as faux and urging customers to not work together with the platform.
“This is a scam – do not buy PI on the Stellar network. For all we know Prashu is in on the scam. The addresses linked to the tokens are clearly fake,” a Pioneer acknowledged.
Notably, Prashu, marketed as a Stellar-based DEX, has been suspended. It’s not the primary time that the platform has been concerned in such an issue.
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In August, a consumer publicly accused Prashu of theft following a rigged giveaway that lured members into revealing non-public keys, ensuing within the lack of crypto holdings.
“SCAM ALERT!!!! They stole my tokens. Someone organized a giveaway – 1000 XLM to win – you had to make any transaction on Prash. They provided a link to an exchange, and the only “Wallet Connect” possibility was a non-public key. You needed to just like the submit, retweet it, and remark “done”. And I did it. The subsequent day, USDC and TKG disappeared from my account,” the consumer defined.
Protocol Confusion: Pi Community’s Path Versus Stellar
The rip-off coincides with unverified reviews of a Pi-Stellar partnership. One consumer claimed Pi Community will launch real-world asset buying and selling dApps utilizing Stellar because the settlement layer. The submit acknowledged,
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“Pi Network is expected to launch dApps for RWA trading by early 2026, with XLM as the settlement layer. This is adding 60 million users to the Stellar XLM ecosystem with a single integration. Unlocking instant access to its full DeFi infrastructure. Parallel transactions & smart contracts enable trading of real-world assets.”
Nonetheless, as soon as once more, the group was fast to query the credibility of those claims. Many Pioneers identified that Pi Community already operates by itself blockchain, so it doesn’t want Stellar.
“That doesn’t even make sense. Pi would use it’s own blockchain for settlement,” one other consumer replied.
Moreover, neither Pi Community’s Core Group nor the Stellar Growth Basis has made any official bulletins confirming such a collaboration. The absence of official statements additional emphasizes that the partnership narrative doubtless stems from group hypothesis moderately than verified developments.
In the meantime, Pi Community and Stellar have a long-standing and sometimes complicated relationship. Though the Pi Community borrows from Stellar, the blockchains stay separate. Proudly owning XLM offers no privileges within the Pi Community, and precise PI transactions don’t work together with Stellar’s ledger.
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Official documentation clarifies the excellence: Pi Community’s consensus mechanism is customized from two key applied sciences: the Stellar Consensus Protocol (SCP) and the Federated Byzantine Settlement (FBA)
This allows energy-efficient validation through belief graphs, eschewing proof-of-work’s energy calls for. The separation was reiterated in Pi Community’s August announcement of its protocol improve from model 19 to 23.
“Pi Network is preparing an important upgrade: the move from protocol version 19 to version 23. The Pi protocol is adapted from Stellar protocol. This version is a custom Pi protocol built on a base pulling upgrades from Stellar protocol version 23 that enables new layers of functionality and control,” the crew acknowledged.
The most recent faux token incident once more highlights how rapidly misinformation can unfold in crypto communities—particularly when rumors of high-profile partnerships achieve traction. Whereas Pi Community and Stellar share sure technical roots, they continue to be separate ecosystems.
Thus, customers ought to stay cautious, confirm info from trusted sources, and keep away from participating with unverified platforms claiming to record or commerce Pi Cash.
