Justin Bons exposes Pi Network’s flaws: A closer look at the “scam” claims

Bons argues that Pi Network’s technology is flawed and lacks decentralized finance capabilities. He points out that the project’s mining structure disproportionately benefits insiders and fails to maintain transparency about token allocations.

As of now, the Pi token has dropped below 1 USD amidst increased criticism and a lack of listing from Binance, with a 20.1% decline observed over the past day.