• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Pi Network Encounters KYC and Migration Problems

Pi Network Encounters KYC and Migration Problems

user avatar

by Giorgi Kostiuk

6 hours ago


As the crucial migration to the mainnet on June 28 approaches, Pi Network users are facing a series of serious issues related to verification and access to their funds.

KYC Verification Problems

The main issue lies with KYC verification. Many users had cleared KYC months ago, but upon attempting migration, they see their status stuck on 'tentative approval' or get caught in an endless loop. Despite passing photo and ID checks, the system is not synchronizing. The Pi Core Team released a 'Synchronize Status' button within the app, but many users report that nothing has changed.

Challenges with Two-Factor Authentication

Introduced earlier this year, the two-factor authentication (2FA) is also proving problematic. Many users do not receive confirmation emails, and those who do encounter errors. In the worst cases, after completing 2FA, tokens are pushed back into the mobile app, undoing the migration. The team has not provided proper guidance on this feature.

Empty Wallets Post-Migration

For those who managed to get through KYC and 2FA, another pressing issue emerges: empty wallets. Some users report that their tokens appear and then disappear within minutes, while others do not see their coins at all. 'My transferable balance went to zero today, did not transfer to my wallet,' one user posted on Reddit. Social platforms are filled with similar complaints, and there is no clear explanation so far.

As the next wave of migration is set for June 28, users express frustration with the existing problems. If the Pi Core Team does not resolve these issues quickly, it may impact trust in the project.

0

Share

Other news

Cryptocurrencies and Seamless Transactions: Qubetics vs XRP and NEAR

Qubetics provides solutions for low-cost transactions while XRP and NEAR Protocol face challenges. Analysis of current trends in crypto.

user avatarGiorgi Kostiuk

a few seconds ago

South Korea's Initiative for Cryptocurrency ETFs Gains Momentum

South Korea is considering creating cryptocurrency ETFs and regulating stablecoins, potentially increasing interest in digital assets.

user avatarGiorgi Kostiuk

a minute ago

Everything Blockchain reveals $10 million investment in tokens

Everything Blockchain has invested $10 million in tokens Solana, XRP, Sui, Bittensor, and Hyperliquid, aiming for institutional cryptocurrency adoption.

user avatarGiorgi Kostiuk

a minute ago

Fed Discusses Potential Interest Rate Cuts in July 2025

Fed's Governor Christopher Waller announced the potential for rate cuts that may impact the crypto markets.

user avatarGiorgi Kostiuk

2 minutes ago

Transfer of 26 Million XRP to Coinbase: Market Implications

A large transfer of XRP worth $58 million raises questions about a potential sell-off in the cryptocurrency market.

user avatarGiorgi Kostiuk

2 minutes ago

Overview of Qubetics, Filecoin, and Theta: Top Cryptocurrencies

Exploring three key cryptocurrencies: Qubetics, Filecoin, and Theta, their current states, and market potential.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.