Jakarta, Pintu News – A scam listing claiming to offer Pi Network (PI) for trading on the Stellar blockchain has appeared on decentralized exchanges (DEXs), prompting warnings from users.
The scam comes amid rumors that Pi Network might use Stellar as a settlement layer for its upcoming decentralized applications (dApps).
A screenshot circulating on X (formerly Twitter) shows the interface of the Prashu platform which displays several “PI” assets that are claimed to be available for trading.
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⚠️Several fake listings recently 🚨appeared on a platform claiming to trade $Pi on the Stellar ($XLM) network👨🏻🏫
The platform, @PrashuOrg, has since been suspended, exposing the attempt to exploit the ongoing Pi–Stellar ecosystem discussions for attention and credibility.
Here’s… pic.twitter.com/zJaS1brWoP
The list includes pricing and issuer details that are designed to resemble real tokens, making them appear legitimate.
However, prominent Pioneers immediately issued a warning, calling the list fake and urging users not to interact with the platform.
“This is a scam – don’t buy PI on the Stellar network. Prashu could be involved in this scam. The addresses linked to the token are obviously fake,” said one Pioneer.
🚨 PEOPLE ARE ASKING about $Pi Network token on the Stellar $XLM network.
AT THE MOMENT, there is no verified Pi token on #Stellar.
Always DYOR before buying anything. pic.twitter.com/zlcN1CNfdi
It is worth noting that Prashu, marketed as a Stellar-based DEX, has now been suspended. This is not the first time the platform has been involved in a similar controversy.
In August, a user publicly accused Prashu of theft following a giveaway that was allegedly set up to trick participants into revealing private keys, which then led to the loss of their crypto assets.
“SCAM ALERT!!!! They stole my tokens. Someone organized a giveaway – 1000 XLM prize – where you had to make any transaction on Prash. They provided a link to the exchange, and the only ‘Wallet Connect’ option was to enter your private key. You also had to like the post, retweet it, and comment ‘done’. And I did. The next day, my USDC and TKG were gone from my account,” the user explained.
Someone organized a giveaway – 1000 XLM to win – you had to make any transaction on Prash. They provided a link to an exchange, and the only "Wallet Connect" option was a private key. You had to like the post, retweet it, and comment "done". And I did it 🙁
The scam regarding fake tokens comes alongside unverified rumors regarding a partnership between Pi Network and Stellar.
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A user claims that Pi Network will launch decentralized applications(dApps) for real-world asset trading (RWA), with Stellar as the settlement layer. The post states:
“Pi Network is expected to launch dApps for RWA trading in early 2026, using XLM as the settlement layer. This will add 60 million users to the Stellar XLM ecosystem with just one integration. Instant access to the full DeFi infrastructure opens up. Parallel transactions and smart contracts enable real-world asset trading.”
However, the Pi community soon doubted the validity of this claim. Many Pioneers emphasized that the Pi Network already had its own blockchain, so there was no need for Stellar.
that doesn't even make sense. Pi would use it's own blockchain for settlement.
“That makes no sense. Pi will use its own blockchain for transaction settlement,” wrote another user.
Furthermore, neither the Pi Network core team nor the Stellar Development Foundation has issued an official statement confirming the partnership. The absence of an official announcement reinforces the notion that this partnership narrative is merely community speculation and not a legitimate development.
In fact, the relationship between Pi Network and Stellar has been long and often confusing. Although Pi Network adopts some of Stellar’s technology, they remain separate blockchains. XLM holdings do not provide any benefits on Pi Network, and PI transactions do not take place on the Stellar network.
Pi Network’s official documentation explains that their consensus mechanism is adapted from two key technologies: Stellar Consensus Protocol (SCP) and Federated Byzantine Agreement (FBA). This mechanism enables energy-efficient validation using atrust graph, without the need for large power consumption as in proof-of-work.
This was reiterated by Pi Network in an announcement last August regarding the protocol upgrade from version 19 to 23:
“Pi Network is preparing for a major upgrade: the transition from protocol version 19 to version 23. The Pi protocol is adapted from the Stellar protocol. This version is a Pi-specific protocol built on the foundation of version 23 of Stellar, which enables new features and controls,” explains the development team.
This latest case of fake tokens once again shows how quickly misinformation spreads in the crypto community-especially when rumors of major collaborations start circulating. Although Pi Network and Stellar share technological roots, they are two separate ecosystems.
Therefore, users are advised to remain vigilant, always verify information from official sources, and avoid untrusted platforms that claim to trade Pi Coin.
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