Recently, I got trapped in a crypto scam called PINet Dex. At first, it didn’t look like a scam at all. Everything looked organized — active community, constant updates, and a system that looked like a real Pi ecosystem.
But it wasn’t.
They had a launchpad project called Pidog.
Minimum entry was 1 Pi, but the platform itself required a 10 Pi minimum deposit to participate.
I had already applied for KYC before this, but it wasn’t approved yet.
So I sent 10 Pi, thinking it was just the requirement to access the launchpad.
After I sent it:
It showed pending deposit
My KYC was still pending at that time
I went to the community and complained
Admins asked for my UID and transaction hash, which I provided
The next day, my KYC suddenly got approved.
But my deposit never reflected.
And I never actually got access to the launchpad I thought I was joining.
What made it worse was the community behavior.
People were constantly:
begging admins to approve deposits and withdrawals
sharing UID and transaction hashes repeatedly
waiting for everything to be manually approved
That already felt off.
Then came the final red flag.
They added a “claim mined rewards” button.
When clicked, it opened a page that looked like a Pi wallet and asked for your seed phrase.
That was the moment I knew it was a full scam.
No real crypto platform should ever ask for your seed phrase. Ever.
After that, I stopped everything.
My 10 Pi never came back, and I never got anything from the platform.
Later, I saw the token launch and a massive pump, but by then:
Telegram chats were locked or renamed
admins became inactive
the community started disappearing
There were also claims of a Binance AMA, but I can’t confirm that.
What stands out most is how normal it looked at the beginning.
That’s what makes these scams dangerous.
If someone had entered their seed phrase there, it would’ve been instant loss.
I’m sharing this because these scams don’t look like scams anymore — and people need to be careful.
Stay safe out there
#BinanceSquare #CryptoEducation💡🚀 #StaySafe #Web3Scams #CryptoAwareness
