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The most typical cases of losing your precious #pi include the following four scenarios:

1) When logging into the Pi app to connect your Pi wallet and make a payment, observe the wallet address. If the address is not pi://wallet.pi when entering your passphrase, never input your passphrase.
Doing so would be equivalent to handing over your passphrase to the scammer.
Many Pi pioneers have unknowingly or negligently accessed various scam sites & apps without realizing the incorrect address, leading to the loss of their wallet ownership and withdrawal of Pi coins by scammers.

2) Many Pi pioneers store their 24-word passphrase in emails or social media.
Web 2.0 services commonly used are prone to hacking, so never store your passphrase in such places.
Even if you do, consider implementing double or triple security measures individually or separate the passphrase for reduced risk of theft through a single hacking incident.

3) Pioneers who perceive online risks or are not adept at handling computers often write down their passphrase on paper offline but easily lose the paper. Even when storing offline, it's crucial to keep it in a safe or distribute it to multiple locations to prepare for the worst-case scenario.

4) When engaging in P2P transactions where you cannot meet the counterparty or know their identity, exercise caution before conducting online transactions.
Many pioneers have shared cases of losing Pi coins or cash in enclosed mainnet.
Since cash transactions with Pi violate regulations, victims often find it challenging to report to the core team after falling prey to scams.
It is recommended to engage in proper P2P transactions adhering to regulations and use established platforms with an escrow system (Like PCM), or consider meeting in person for transactions.

This announcement is from over 4 years ago 🤯

If it was posted again today, would you be willing to apply? 🤔

Personally, I did applied at the time 👀

#pinetwork