Fake Pi Coins Appear on Prashu DEX Amid Unverified Stellar Integration Rumors

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).

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.

PI Network Scam On Parshu. Source: X/fen_leng

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.