Fraudulent listings purporting to offer Pi Coins (PI) for trading on the Stellar (XLM) blockchain have emerged on a decentralized exchange (DEX), prompting warnings from users.
The scam surfaced amid rumors suggesting that Pi Network might leverage Stellar as a settlement layer for its upcoming decentralized applications (dApps).
Sponsored
Scam Warning: Fake PI Listings Appear on Prashu Platform
Screenshots circulating on X (formerly Twitter) showed an interface from the platform Prashu that included multiple “PI” assets supposedly available for trading. The listings included price and issuer details designed to mimic legitimate tokens, giving the impression of authenticity.
However, prominent Pioneers quickly raised the alarm, labeling the listings as fake and urging users not to interact 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 stated.
Notably, Prashu, marketed as a Stellar-based DEX, has been suspended. It’s not the first time that the platform has been involved in such a controversy.
Sponsored
In
Go to Source to See Full Article
Author: Kamina Bashir
