Hack’s fear grows after suspicious posts on x

Is there a cause of concern?

A recent post about X (formerly Twitter) raised suspicions that Nicolas Kokkalis, co-founder of the PI network, could have been the victim of a hacking attack. On the next line, we look into what happened and what every member of our community should know.

Hack or not?

Earlier this week, Dr. Chengdiao Fan, one of the co-founders of the PI Network, announced that the project has deployed new distributed exchange (DEX) and automated market maker (AMM) liquidity pooling capabilities to blockchain. This tool (first available only on TestNet) allows pioneers to experiment with token swaps directly and provide education on Defi before joining the mainnet and interacting with actual Pi tokens.

This update sparked a great deal of enthusiasm across the community, with many members killing X to celebrate the news. The suspicious accounts that are not the official accounts behind the Crypto project also highlighted the important benefits of development.

Interestingly, PI Network co-founder Nicolas Kokkalis forwarded the post, sparking speculation that the hacker may have violated his X account.

PI users are highly encouraged to stay cautious and avoid falling into misleading updates and unverified announcements. To stay safe, you should only rely on trusted sources, such as X’s official PI network accounts and other confirmed communication channels managed by your team.

PI price outlook

Despite massive PI network updates and substantial revival of the crypto market, native tokens for PI networks remain in the red territory. It’s plummeting 25% on a monthly scale, and is currently trading at around $0.26 (per Coingecko data).

While many community members are beginning to lose hope that they can regain the peak level where assets were spotted in early 2025, some key indicators suggest that pullbacks could intensify in the short term.

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