The eagerly anticipated launch of Pi Network’s official mainnet has stirred enthusiasm among cryptocurrency fans, primarily after Pi Coin’s listing across multiple exchanges. However, numerous users are facing considerable challenges when trying to withdraw their coins from these platforms. The price of Pi has dropped below one dollar due to market volatility, intensifying selling pressure among holders.
What Withdrawal Issues Are Users Facing?
Many holders of Pi Coin are encountering serious withdrawal complications on platforms like Bitget and OKX. A user reported that after depositing 1,500 Pi on Bitget, their assets were rendered inaccessible. Social media platforms are flooded with similar grievances, prompting expectations for the Pi Core Team to issue clarifications.
How Long Will the Withdrawal Halt Last?
Reports from OKX users reveal that withdrawals have been suspended for more than 24 hours. One user mentioned reaching out to the exchange’s support, which requested identity verification. Although OKX responded via email, they fell short of providing a clear timeline for the resumption of standard operations.
Bitget has communicated that:
Your requests are being prioritized. They have been forwarded to the relevant team, and we are working to expedite the process. You can expect your transaction to be completed within 24-48 hours.
Moreover, the Pi Network team has cautioned users about deceptive listings of Pi coin on exchanges. An official statement revealed that trading pairs advertised on decentralized exchanges (DEX) are fraudulent, posing risks to investors. The Pi Core Team strongly advised users to refrain from engaging in such transactions.
– Users are experiencing delayed withdrawals on Bitget and OKX.
– Pi Coin’s market price has dipped below one dollar.
– Concerns raised over fake trading pairs on decentralized exchanges.
As the situation evolves, users are urged to stay vigilant and keep an eye on official announcements from both exchanges and the Pi Network. The timeline for normalizing withdrawal operations remains uncertain, along with the potential for price stabilization.
