Kategorie: Altcoin News

• Pi Network halts wallet requests after large-scale scams target users.
• Scammers exploit public balances and impersonate trusted contacts.
• PI trades near $0.20 amid low liquidity and token unlocks.

Pi Network has temporarily disabled its wallet payment request feature in response to a surge of sophisticated scam activity that has led to the loss of millions of PI tokens from user wallets.

The move, announced by the Pi Core Team on social platform X, comes as attackers increasingly exploit the platform’s payment request function to trick users into approving fraudulent transfers.

According to on‑chain data shared by community observers and reporting outlets, scammers have siphoned off more than 4.4 million PI by sending deceptive payment requests to holders with large balances.

One single scammer address reportedly received hundreds of thousands of tokens each month throughout 2025.

Tokens approved through these requests are moved instantly to the attacker’s wallet and cannot be reversed, meaning victims have no recourse once a transfer is authorised.

The Pi Core Team stressed that this issue stems from social engineering rather than a flaw in the network’s protocol.

Because wallet balances and addresses are publicly visible on Pi’s blockchain, bad actors can identify high‑value wallets and impersonate trusted contacts, friends, moderators, or even official accounts, to convince users to authorise transfers.

To curb further losses, the network has disabled the payment request feature across its ecosystem while assessing potential safeguards.

The suspension is intended to be temporary, but the team has not yet announced a specific timeline for restoring the function.

In the meantime, community moderators and safety advocates are urging users to refuse all unsolicited payment requests.

Scam tactics and broader security concerns

Experts and user reports indicate that the scams are part of a broader uptick in deceptive schemes targeting Pi users.

Fraudsters cast a wide net, from phishing links claiming fake airdrops or price promotions to counterfeit portals that ask for wallet credentials or private keys, which can lead to full account takeovers.

Pi Network’s core team has repeatedly warned against sharing sensitive information or engaging with unverified links circulating on social media and messaging platforms.

While Pi Network itself is not widely regarded as an outright scam project by independent analysts, its rapid growth, mobile‑centric model, and referral‑based incentives have drawn scrutiny and made its large user base a target for scammers.

Users are advised to stick strictly to official communication channels and exercise heightened caution when interacting with unverifiable contacts.

Impact on PI token price

The payment request suspension arrives amid mixed sentiment around the PI token’s market performance.

While Pi token’s price forecast remains optimistic, it currently trades near the $0.20 level, up only 1% in two weeks.

Notably, the PI coin price has been weighed down by low liquidity and ongoing token unlocks, with significant amounts entering circulation in recent months.

The token has struggled to absorb the added supply, and daily trading volumes remain moderate.

The post Pi Network suspends wallet payment requests after scammers drain millions appeared first on CoinJournal.

• A large-scale investor has offloaded millions of ASTER tokens, absorbing a 22% loss within two weeks.
• ASTER price has dropped below key levels, signaling bearish short-term bias.
• Aster team calms supply-side worries by confirming no plans to sell unlocked tokens.

The digital assets market remained deteriorated on Wednesday, with the global crypto market capitalization at $2.94 trillion after a 0.65% dip in the past 24 hours.

Also, Bitcoin remained somewhat muted in the last day after the recent decline, changing hands at $86,640 following a mere 0.30% decline on its daily chart.

While most altcoins sought footing after the latest broad-based crash, ASTER is experiencing renewed selling momentum as large-scale players exit.

The digital token has lost nearly 10% of its value in the past 24 hours, underscoring overwhelming downward momentum.

According to Lookonchain, one whale has sold 3 million Aster coins, worth approximately $2.33 million today.

The entity executed the transaction when the alt traded at $0.78 per token.

Notably, the whale accumulated these tokens only two weeks ago and has now suffered a roughly 22% loss (or $667,000).

Such moves are often more than just a trade gone wrong.

Generally, whale investors have high risk tolerance and intend to hold for the long term, possibly until the asset turns bullish.

So, when a large-scale investor surrenders at a loss, it can signal a lack of conviction in short-term price rebounds.

Furthermore, the exit has coincided with ASTER’s significant price decline, magnifying prevailing bearish sentiments.

ASTER price analysis

Aster’s native token is changing hands at $0.7475 after losing more than 8% of its value in the last 24 hours.

The daily trading volume has increased by nearly 45%, signaling increased activity from participants likely exiting before further declines.

Meanwhile, ASTER has breached the crucial support zone at $0.81 – $0.82 and is ready to turn it into an overhead supply region.

That suggests immense bearishness, with any potential rebound to $0.80 likely to encounter heavy selling pressure.

Sellers are targeting the barrier at $0.72, where ASTER briefly paused during the previous dip.

Failure to attract adequate buying activity at this mark could expose the altcoin to further declines to the psychological zone at $0.70 in the near term.

Meanwhile, ASTER should reclaim $0.82 to flip to bullish.

Surpassing $0.85 with massive volumes could support breakouts to $0.90 and clear the path to $1.

Aster team boosts community confidence

Amidst the devastating downward pressure, the DEX has shifted attention to supply dynamics.

Early today, December 17, the team took it to X to address these concerns, confirming the completion of December’s Community & Ecosystem token unlock.

They have moved the unlocked assets to an address that now holds 235.2 million Aster coins after three months of coin releases.

Notably, Aster emphasized that it has no immediate plans to spend the unlocked ASTER and that the team will communicate in advance in case of future deployment plans.

While the announced transfer doesn’t add new supply to the circulating tokens, it comes amid amplified uncertainty, with traders worrying about additional selling pressure as key holders surrender.

The post Aster (ASTER) price outlook as whale dumps 3M coins at a loss appeared first on CoinJournal.