"π Coin Can Now Be Exchanged?" Listed as Rumor with High October Moments in WeChat Security Center

By: theblockbeats.news|2025/11/01 12:45:50
0
Share
copy

BlockBeats News, November 1st, the WeChat Security Center released the October 2025 Moments Heat Rumor, with "Can you exchange for π coins?" ranking sixth on the list. The WeChat Security Center stated that some internet users on social platforms posted short videos claiming "Now the bank branches have started approving π coins," attracting attention. Upon verification, it was found to be false information. The video content actually showed a "π" type approval specialist window at a local service center, which has no relation to the rumored "π coin" and is a misinterpretation of the "π" type approval specialist window. The "π type approval specialist" refers to a highly composite approval professional with expertise in at least two fields and the ability to integrate multiple knowledge domains. "π coin" is a virtual currency based on blockchain technology, employing a unique mining method and a centralized network architecture, and is the abbreviation of the Pi Network in English.

Researcher Lou Feipeng from China Postal Savings Bank stated that the rumor about being able to exchange "π coins" for Chinese Yuan is also false. The sole legal institution for currency issuance in China is the People's Bank of China. Virtual currencies like "π coin" are not issued by the People's Bank of China and have no exchange relationship with the Chinese Yuan. Previously, many local cyber police departments have issued risk warnings that the free mining of "π coin" is a scam to resell users' personal information and deceive them of their money.

-- Price

--

You may also like

CFTC Reportedly Plans New Prediction Market Rules Focused on Manipulation Risk and Public Interest Review

The CFTC is reportedly preparing new prediction market rules focused on manipulation risk, public interest review, and retail trader protections.

Meet the new WEEX trial fund—your gateway to greater profits

Discover WEEX's new trial fund and trade with less risk. Use them to offset transaction fees, funding fees, and trading losses. Kickoff your trading journey with WEEX!

WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam

WEEX Labs lands in Amsterdam for Dutch Blockchain Week with Agentic Day: The AI Infrastructure Economy — featuring a Cointelegraph exclusive interview with Waqar Zaka, a live AI trading competition (no code required, just natural language), and a keynote from WEEX COO Andrew Weiner. June 22. Register now: https://luma.com/lo977l6h

SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June

SK Hynix may pursue a U.S. ADR listing as early as August, with SEC approval reportedly possible in late June amid strong AI chip supply chain demand.

SpaceX vs Tesla vs xAI: Which Elon Musk Trade Has the Biggest Upside in 2026?

SpaceX's IPO is days away, Tesla holds over 11,000 BTC, and xAI is betting big on AI. Here's how traders are comparing the three biggest Musk narratives.

OpenAI Reveals It Has Confidentially Submitted an S-1 to the SEC, Keeping the Door Open for a Future IPO

On June 9, according to an OpenAI announcement, the company recently confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), beginning the preliminary compliance process for a potential initial public offering. OpenAI said it chose to disclose this proactively because it expected the news might leak; however, the company has not yet set a specific listing timeline, and related arrangements may still take some time.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com