Pi Network price today June 28, 2025: North Korean hackers threaten to lose 13 million accounts

North Korean hackers target Pi Network, 13 million accounts at risk of losing all their money! — North Korean hackers target Pi Network: 13 million accounts at risk of losing all their money!

Pi Network price today, June 28, 2025

The price of Pi on the OKX exchange on June 28, 2025, is fluctuating around the range of $0.5472 to $0.5966 (equivalent to VND 14,280 to VND 15,570). As of the time of writing, the price of Pi on the OKX exchange has increased by 0.1% compared to yesterday, reaching VND 14,450.

The price of Pi Network today, June 28, 2025, is attracting attention from many in the cryptocurrency market, both in Vietnam and internationally. In the past 24 hours, the total trading value of Pi reached over $37.6 million. This figure indicates a slight increase in trading activity, a sign that many are beginning to anticipate new information from the project. Pi's market capitalization is currently around $4.3 billion. While not as large as other well-known cryptocurrencies, this market capitalization still helps Pi maintain a notable position among altcoins – cryptocurrencies other than Bitcoin.

Compared to its highest price ever reached in May at $1.66, the current price of Pi is still significantly lower. However, the price is showing signs of stabilizing and slightly increasing from its previous low of $0.50. This suggests that many people are gradually accumulating Pi, waiting for an opportunity for a price increase in the near future, especially as the cryptocurrency market is showing signs of recovery.

The growing threat from North Korean hackers to cryptocurrency projects.

Pepe, the famous cartoon frog, has long been a popular icon in the cryptocurrency world , especially with meme coins – digital currencies based on humorous online trends. However, Matt Furie, the artist who created the character about 20 years ago, is not directly related to these cryptocurrencies. To capitalize on the growth of the NFT (non-fungible token) industry, Matt Furie collaborated with Chainsaw to launch NFT collections. Unfortunately, this plan was thwarted by a cyberattack believed to have been carried out by hackers from North Korea.

According to ZachXBT, a renowned cryptocurrency investigator, the attack began when an insider transferred control of the mint contract (the process of creating NFTs) of the Replicandy collection – one of Furie's NFT projects – in the middle of the night on June 18, 2025. The hacker then continuously created new NFTs and sold them cheaply, driving the floor price (the minimum price of an NFT in the collection) down to zero. Just five days later, the same attacker repeated this action with three other Chainsaw collections, including Peplicator, Hedz, and Zogz, raking in approximately $310,000.

The attackers used sophisticated methods to conceal their actions, but still left a trace on the blockchain – the transparent ledger technology used in cryptocurrencies. ZachXBT traced these transactions and discovered that the perpetrators may have been a hacking group from North Korea. Specifically, one of the attackers created a fake profile to apply for an IT position in the project. This is a common tactic used by North Korean hackers, who impersonate employees to easily infiltrate and bypass security measures. Suspicious signs included the use of the Korean language in system settings, the use of the Astral VPN, and operating in the Asian/Russian time zone, even though the profile stated they were in the US.

The incident wasn't limited to Matt Furie's projects. Another NFT launch platform called Favrr also suffered a similar attack on June 25, 2025, resulting in losses exceeding $680,000. Shockingly, Favrr hired a fake candidate for the Chief Technology Officer (CTO) position – a crucial role within the company. This individual, believed to be Alex Hong, had a questionable profile and deleted their LinkedIn account shortly after the incident. This demonstrates a serious lack of caution in Favrr's recruitment process, making the project an easy target for hackers.

Pi2Day Event on June 28th: A crucial turning point for Pi Network

Today, June 28, 2025, marks Pi2Day – a major annual event for Pi Network. This is not only a celebration but also a time for the development team to announce big plans that could shape the future of the project. Notably, this is the first time Pi2Day has taken place after Pi Network underwent several significant technical updates over the past few months.

On their homepage and social media channels, the Pi Network team has revealed several noteworthy announcements to be made at the event. First, they may integrate artificial intelligence (AI) into the Pi ecosystem, an idea that was mentioned after founder Nicolas Kokkalis attended an AI event in Toronto. Second, they are improving the Know Your Customer (KYC) process by synchronizing information between the Pi app and the Pi browser, addressing verification delays. Additionally, the Pi Node system, now called Pi Desktop, has been upgraded to support over 2.6 million nodes globally. Finally, the “.pi” domain auction attracted over 3 million bids, demonstrating strong community interest in the Pi ecosystem.

Predicting future price trends for Pi Network

Some experts in the cryptocurrency field have changed their views on Pi Network. For example, an expert nicknamed Dr. Altcoin, who previously predicted that the price of Pi could fall below $0.40, now believes this is highly unlikely. He believes that if the Pi2Day event announces significant progress, such as a mainnet roadmap or listing Pi on major exchanges, the price of Pi could surpass $0.65 in the short term.

However, not everything is optimistic. Experts also warn that Pi Network is at a critical juncture. If the Pi2Day event fails to deliver new information or merely repeats old promises, many may be disappointed. This could lead to a sell-off of Pi, pushing the price back down to lows of $0.4–$0.5. Furthermore, data from PiScan shows that the amount of Pi deposited on the OKX exchange has increased by over 6% in the past week, reaching over 362 million tokens. If there aren't enough buyers, this could put downward pressure on the price.

Despite facing numerous challenges, Pi Network maintains significant appeal, especially on social media. In the context of a cryptocurrency market under considerable pressure, the continued lively discussion of Pi Coin is a bright spot. The community is awaiting more concrete steps from the development team, particularly information about listing Pi on major exchanges like Binance or Coinbase – something many have been hoping for for over a year. Today's Pi Network price (June 28, 2025) not only reflects market trading but also the community's confidence and expectations for the project's future.

Source: https://baoquangnam.vn/gia-pi-network-hom-nay-28-6-2025-tin-tac-trieu-tien-de-doa-13-trieu-tai-khoan-mat-trang-3157801.html