Pi Network Faces $10 Million Fraud Lawsuit Over Alleged Unauthorized Token Transfers, Secret Token Sales, and Delayed Network Migration

Pi Network, a cryptocurrency project, is facing a $10 million lawsuit alleging unauthorized token transfers, secret sales of 2 billion Pi tokens, and deliberate migration delays that caused a dramatic collapse in the token's price. The plaintiff claims to have lost substantial financial losses due to these actions. The Pi community disputes key claims, arguing that unauthorized token transfers could be due to compromised login credentials or phishing attempts.