Pi Network Users Are Losing Their Coins? Migration Chaos, KYC Nightmares & Wallet Vanishing Act

Pi coin mainnet migration issues

As the Pi Network gears up for its mega mainnet migration on June 28, 2025, users everywhere are discovering what every good Dahlian hero knows: if you think an adventure will be smooth, you’re probably just the first to step in the custard. 🍮

In the grand event where Pi coins are meant to leap out of the mobile app and onto the magical, open Pi blockchain, something has gone rather…squelchy. Thousands of users, who have followed the rules like obedient schoolchildren, now report KYC hiccups, 2FA snafus and disappearing balances – even after jumping through every hoop the Pi Core Team could find lying around the office.

This was to be the grand unveiling! The moment the digital curtain was swept aside, and Pi coins danced across the open network like chocolate bars in Willy Wonka’s factory. 🍫

Instead, users report a mysterious, twisty mishmash of technical fails so frustrating you’d think Mr. Twit coded the app himself. Wallets stuck “pending”, Pi coins vanishing like snozzcumbers at a BFG picnic, and balances hiding where only a very lost Oompa-Loompa could find them. Reddit, YouTube and X are now less discussion boards and more therapy sessions.

Some Pi miners, checklist in hand, tell tales of finishing every dreary migration step, only for the app to sneakily reset their progress without so much as a by-your-leave. Meanwhile, Pi’s customer support appears to have vanished through a trapdoor in the floorboards.

Did you know? Pi runs on a fork of Stellar’s SCP, and if you wait long enough, an “improved-proof-of-stake” is promised to someday appear. Just as soon as the decentralized nodes stop napping.

Pi Network migration: What’s it all about?

Since crawling onto the crypto scene in 2019, Pi Network has invited millions to “mine” its coins with the dedication and skill of someone tapping a screen while bored in a dentist’s waiting room.

After years of teasing and months of testnet tinkering (featuring just a few more bugs than your average peach), Pi mainnet launched in early 2025 with the grand mission of being crypto’s answer to a mobile-first sweets shop.

The Horizon Upgrade in May 2025 promised validator-powered consensus, 100+ DApps, and a $100 million ecosystem fund. All very impressive. But before you can see your Pi tokens leap to this new land, there are five pitifully simple steps—each one sneakier than a fox at a farmers’ market:

• KYC verification (they want to see if you look like a real person, not a Wonka robot)
• Create a non-custodial Pi wallet in Pi Browser
• Choose your token lockup like it’s a snoozefest at the Queen’s palace
• Enable 2FA and pray your email provider is awake
• Sign the Pi Token Acknowledgement, presumably not while laughing

Then tokens must sit for a 14-day “holding period”, perhaps so the Pi Core Team can practice their vanishing acts. The big grace period ended March 14, 2025, but many users only just now finish the checklist—just in time for all the technical bugs to lurch out from under the bed. 😱

KYC challenges in Pi Network and their impact on migration success

For many, the KYC process is step 9 in a 5-step process (yes, you read that right—Pi math is magical).

Thousands claim KYC is the “Land of Stuck”: They finished months ago, but their migration is now lost in limbo. Balances are zero, migration status spins in circles, and it seems Pi coins are busier than Augustus Gloop at a chocolate fountain.

Some unlucky souls are given a “tentative approval” status for KYC, which isn’t a yes or a no, but something resembling “thanks for coming, now stand quietly in the waiting room for eternity.”

As one user said:

Toss me the *damn* $Pi already! Six years clicking, and this? Constant delay? What is this, a Roald Dahl plot twist?

The support docs blame blurry faces or mismatched IDs, but most complaints now come from Pi miners with perfect passport selfies. Instead, everyone is haunted by synching errors with all the clarity of washed-out golden tickets. Desperate users have tried everything barring animal sacrifices — switching devices, reapplying, and possibly yelling at their phones. Mixed results at best!

2FA problem Pi Network: Pi Network delay

And then—because no fairy tale is complete without a wicked new spell—the 2FA bugs arrive.

Since its dazzling debut in March 2025, 2FA is meant to secure lives (and Pi coins) with a simple email. Only, many users never see this magical email, or the links are as expired as grandma’s treacle tart.

For another set of unlucky users, finishing 2FA doesn’t progress their hero’s journey. Instead, their Pi coins get bounced back to the app like an unwelcome guest at the Chocolate Factory gates. Cue a whole migration restart, and a lot more yelling on Reddit.

“My Pi returned back to the app, I’ve already added the email address twice now but nothing has changed,” says one user, wishing for a time machine. “Pi got reverted on the last day… it’s a disgrace,” grumbles another, perhaps while furiously refreshing their inbox.

//s3.cointelegraph.com/storage/uploads/view/6507266b3ff8b4ce16f92a3340db7d5e.jpg”/>

Why is the Pi Network so buggy?

No golden tickets (or technical explanations) from the Pi Core Team, but shrewd community developers have their guesses: backend sync failures, UI delays, and missed manual steps where tokens might need a gentle nudge from transaction history into the actual wallet. (Did you try turning it off and on again?)

Timing is everything: in June 2025, Pi prices dropped 4-5%, now wobbling at $0.60-$0.64—a 78% face-plant from the highs. Theories swirl like Augustus in a chocolate pipe: crypto whales with suspiciously large wallets (hello, “ODM”), liquidity mysteries, and a general sense that something dodgy is afoot.

Where there’s confusion, there are scammers—false support links, fake migration forms, and “KYC reset” offers that are as trustworthy as the Trunchbull’s chocolate cake.

Did you know? The Pi Core Team (PCT) sits atop about 100 billion PI, plus another 20 billion scattered among 20,000 wallets, with all the transparency of a Wonka elevator. Good luck finding out when those unlock!

When will Pi coins be transferred?

At last, the Pi Core Team has started posting occasional updates throughout their empire: on the Pi Browser, in the app, and on social media. The gist? “Yes, we see the problem. Keep calm and check your prerequisites.”

If you want your coins, you might try:

• Rechecking that Mainnet Checklist (again, and again, and…again)
• Making sure your 2FA is confirmed and your email didn’t wander off
• Doing app voodoo: clear cache, re-install, stand on one leg
• Update Pi app to 1.41.0 (now with extra invisible bug spray!)

Chinese users especially have been sent on a side quest: after updating the app, watch a compliance explainer video at login. Apparently, this video holds the power to unstick frozen balances. Or so rumor claims, in the Pi Discord.

Still, there are no hard timelines or technical roadmaps. So, the great Pi migration remains a cliffhanger, like a half-eaten snozzberry. When will coins actually move to your wallet? Nobody knows, but it might involve magical thinking.

Did you know? More than 100 Pi-based apps are built in mainnet’s secret garden, but precious few have appeared for the crowds. Maybe they’re all having a nap.

Looking ahead: Pi coin release date?

The June 28 migration wave looms, and it’s shaping up to be either a golden ticket day… or another trick from the Chocolate Factory gremlins.

This spectacle promises:

• Secondary migrations for those poor tokens who survived their 14-day lockup
• Bonus coins and referrals, if they can ever get past the Wonka-vator of tech bugs
• A river of new users—if the pipes aren’t clogged with resets again

But as long as balances keep vanishing and wallets act like The Great Glass Elevator, trust may evaporate faster than fizzy lifting drinks. Pi Network says it’s a people-powered antidote to evil corporate crypto, but only time (and working migrations) will decide if the message sticks, or if everyone ends up in the rubbish chute.

What could possibly go wrong? Let’s see:

• Another mass exodus if payouts remain missing in action
• The Pi community turns more sour than a box of Sugar Snorters
• Scammers have a field day, dressing up as “Pi Support” like little Enormous Crocodiles
• Regulators turning up, looking suspiciously like Miss Honey but acting far more like the Trunchbull

It’s up to the Pi Core Team to patch the pipes, charm the squirrels, and actually make the coins land where they’re supposed to. If they can pull it off, maybe—just maybe—we’ll finally get our Pi and eat it, too. Until then, keep your Golden Ticket safe and your expectations somewhere near the bottom of the chocolate river.