Pi Network warned their users not to share their Pi Wallet Passphrase as scammers are increasingly requesting for their passphrases

Pi Network warned their users not to share their Pi Wallet Passphrase as scammers are increasingly requesting for their passphrases

Pi Network warned their users not to share their Pi Wallet Passphrase as scammers are increasingly requesting for their passphrases

Today, Pi Network released a precaution note on their Pi app home screen where they reminded their users (Pioneers) to keep their Pi Wallet Passphrase safe and secure. They emphasized on not sharing the wallet passphrase with anybody, as Scammers and third parties can steal or relocate all of Pioneer’s crypto assets.  

Remember to keep your Pi Wallet passphrase safe and secure, pioneers. They want to further educate Pioneers on the need of passphrase safety because third-party websites or criminals are increasingly requesting for their passphrases. Therefore, never give out your passphrase.

Your Pi Wallet passphrase functions similarly to a crypto wallet’s private key. Even though the Test-Pi is in Testnet phase, your preset Pi Wallet will most likely to be the same real crypto wallet and receive the real Pi once the network goes to the Mainnet. Pi Wallet will also be able to store other sorts of crypto assets in addition to Pi.

Sharing your wallet passphrase (password) is equivalent to handing over full custody of your crypto assets. As a result, never give out your Pi Wallet’s password. Scammers and third parties can steal or relocate all of your crypto assets, including Pi, using your passphrase. Only you have access to your passphrase, since Pi Wallet is non-custodial. Even the Pi Core Team does not have your password and will not ask for it.

If you have accidentally shared your Pi Wallet passphrase in the past, Pi Network recommend that you cease using it and generate a new one using the option on their Pi app and Pi Browser. Please keep your new wallet’s passphrase safe! Pi Wallet may be found in Pi Browser and on Pi Network mobile app.

Pi Network heard reports that, as the Pi Network has grown in popularity, scammers and websites are increasingly asking Pioneers for their wallet passphrase. As a result, please keep your Pi Wallet passphrase private and be wary of unaffiliated third parties. Any person, website, or mobile app that requests for your Pi Wallet passphrase should be avoided, and such activity should be reported to their Support Portal.

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