Pi Network is facing severe criticism from the cryptocurrency community, with allegations labeling it as the largest scam in crypto history. Since its inception in 2019, millions of users have engaged in daily mining, yet most participants find no reliable method to convert Pi tokens into tangible value. The project's mainnet launch has been repeatedly delayed, and token withdrawals remain restricted, with limited exchange listings often accompanied by heavy selling restrictions. Critics argue that Pi Network has exploited decentralization buzzwords while maintaining centralized control, collecting user data, and employing multi-level referral tactics. Despite these efforts, the project has yet to deliver a functional, tradeable coin, leading to growing skepticism and accusations of fraudulent practices.