Vietnamese authorities have launched an investigation into the popular mobile mining app Pi Network (PI).
According to a report by Vietnamese local news agency Vnexpress, the country’s Cyber Security and High-Tech Crime Prevention Department recently said: Pi Network launched an investigation.
Head of Department Le Xuan Minh In a statement held at a meeting in Hanoi, he said that crypto money models such as Pi Network complicated And uncontrollable provided specific to the project when stating that it has become a to high returns took a scathing approach:
The operations of cryptocurrency models like PI have become extremely complex and unmanageable lately. There is no other business activity that can generate such a high level of income over the Internet. Such activities involve many risks.
About Pi Network’s high earnings model and marketing techniques have serious doubts Minh said that police forces in many parts of the country, especially Researching Pi Network-related activities he added.
In Turkey Pi Network, which attracts great attention and is thought to appeal to tens of thousands of users, Vietnamese users is also in the center of attention. Pi Network related activities in Vietnam, cryptocurrencies use in daily life and attracts the attention of users. some in vietnam in hotels And in businesses Payment can be made with PI token.
Although users from Pi Network earn money for free and even if the project fails at the end of the day they won’t lose anything Although market experts think that users personal data can be stolen And can be sold globally is thinking.
No official statement has been made from the Pi Network team on the subject. PI, cryptocurrency exchange by the end of 2022 in Huobi It came to the fore with a “fake” listing incident.