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The long-awaited official mainnet launch of Pi Network has sparked excitement among cryptocurrency enthusiasts following the listing of Pi Coin on various exchanges. However, many users are reporting significant difficulties in withdrawing their coins from these platforms. The volatility in the market has caused Pi’s price to fall below one dollar, leading to intense selling pressure among its holders.
Users Encounter Issues on Bitget and OKX
Pi Coin holders are experiencing substantial withdrawal problems on exchanges such as Bitget and OKX. One user reported that after depositing 1,500 Pi on Bitget, their assets became stuck. Numerous users on social media have voiced similar complaints, while the Pi Core Team is expected to provide further clarification.
Users on OKX indicate that withdrawals have been halted for over 24 hours. One user stated that they contacted the exchange’s support team and were asked for identity verification. While OKX’s team responded via email, they did not provide a definitive timeline for when normal operations would resume.
Bitget issued a statement indicating that:
Your requests are being prioritized. They have been forwarded to the relevant team, and we are working to expedite the process. You can expect your transaction to be completed within 24-48 hours.
Warnings About Fake Pi Coin Exchange Listings
In addition, the Pi Network team has warned investors about fraudulent Pi coin exchange listings. In an official announcement, it was stated that Pi trading pairs listed on decentralized exchanges (DEX) are fraudulent and could lead to investor losses.
The Pi Core Team emphasized:
Trading pairs of Pi coin listed on various decentralized exchanges are entirely fake and are intended for fraud. We strongly advise our users to avoid such transactions.
During this period, users should closely monitor the official announcements from exchanges and the Pi Network. Uncertainty remains regarding when withdrawal operations will normalize and whether the price will stabilize.
