Millions of Pi Network Users Still Waiting as KYC Woes Persist

Jakarta, Pintu News – Pi Network has again come under scrutiny for its Know Your Customer (KYC) process, as many users are still stuck at the temporary approval stage.

The delays in the verification process are fueling growing frustration among the community, as well as casting doubt on the project’s transparency and long-term credibility.

Pi Network Users Trapped in KYC Uncertainty

In a post on X (formerly Twitter), a Pioneer highlighted that the network has around 60 million active users. However, only 16 million of them have successfully created wallets, while the other 44 million are still in “tentative” status – neither verified nor migrated to the mainnet.

Read also: Pi Network Holds at $0.34 Today — Can Pi Coin Still Climb?

The KYC system, which is a necessary step for identity verification before migration to the mainnet, did see improvements for new users, including the removal of the 30-day waiting period. However, these improvements have not been able to unravel the huge queue of users stuck at the tentative stage.

The pioneer also emphasized that the three-year lock-in period for PI ownership would only begin once the migration process was complete. This further delays access for millions of users, reigniting frustration and concerns about the credibility and timeline of the project.

Criticism of Pi Network’s KYC and migration process is nothing new. Previously there were even cases where users lost their coins. Nonetheless, Pi Network continues to roll out various technical updates to overcome these obstacles.

Latest Enhancements of Pi Network

On August 27, the project released a version of Node Linux and announced an upgrade of the protocol from version 19 to 23. One important aspect of this update is the increased scalability of KYC.

Read also: Pi Network Moderators Uncover Wallet Involved in Ongoing Token Thefts

Going forward, Pi Network plans to embed the KYC system directly into the blockchain. The protocol will also allow trusted third parties to act as verification authorities, creating a more decentralized and community-based process, and potentially speeding up verification.

However, despite various corrective measures, the price of Pi Coin continues to take a hit. Data from the BeInCrypto Markets page notes that this mobile-mined altcoin fell to an all-time low (ATL) of $0.33 on August 26, before rebounding slightly after the upgrade announcement.

Unfortunately, the gains didn’t last long. PI is still fluctuating, and at the time of writing, the altcoin is trading at $0.34, a slight increase in the last 24 hours.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Network KYC Delays Raise Credibility Concerns. Accessed on September 9, 2025