Pi Network announces AI KYC tool and partnership with CiDi Games as PI price drops, whale reloads, token unlocks loom, and $10 million fraud lawsuit heads to court.
summary
- Pi Network has integrated new AI KYC tools to reduce manual checks, expand mainnet unlock access, and improve privacy for pioneers in regions where human validators are lacking.
- The project invested in CiDi Games to build Pi-enabled games and expand real-world token utility while PI prices fell and major whales resumed active accumulation.
- A US investor lawsuit alleges billions of dollars of secret sales of PI, price manipulation and intentional delays in opening mainnet, and seeks $10 million in damages at a hearing on December 23rd.
Pi Network has implemented several technical updates in recent weeks, but the price of its native token has fallen significantly and the project is facing legal issues, according to information from the development team and court filings.
Pi Netork changes on the horizon
The Pi Network (PI) core team recently integrated an additional artificial intelligence tool (called Pioneer) designed to streamline the know-your-customer (KYC) verification process for users. According to the announcement, this upgrade will address a lack of verification in regions with limited human reviewers, expand mainnet unlock KYC access for additional users, reduce the number of applications that require manual review, and strengthen privacy protections.
You may also like: FCA lets £10m cash customers opt out of consumer tax protection
The project also announced a partnership with CiDi Games, a platform for developing Pi-related games. According to the announcement, the partnership aims to expand the real-world applications of the PI token and provide further opportunities for network participants.
Pi Network is currently facing legal action from a group of users who have filed a lawsuit alleging that the project secretly sold billions of PI tokens, manipulated token prices, and intentionally delayed the launch of Open Mainnet. The plaintiffs are seeking $10 million in damages and name co-founders Dr. Nicholas Kokkaris and Dr. Chendia Huang, as well as other unnamed individuals, as defendants. A court hearing is scheduled for Dec. 23, 2025, according to court documents.
According to market data, the PI token has experienced a significant price decline from its highs in early 2024. According to project data, the token unlocking schedule shows that over 182 million PI tokens are scheduled to be released over the next 30 days, which equates to an average of over 6 million coins unlocked per day. Such releases typically increase the supply available on the market.
Although the project’s development team has not released any official statements regarding a possible update scheduled for early 2025, community members are speculating about future announcements.
read more: Republican lawmakers move to block Fed-run CBDC by promoting NDAA, an “anti-CBDC surveillance state”
