$PI , known for its "mobile mining" concept and boasting a large user base, is facing the most severe challenge in its development history. In early December, the United States District Court for the Northern District of California accepted a class-action lawsuit against Pi Network’s parent company, SocialChain Inc., and its founders, with the plaintiffs seeking up to $10 million in damages. The lawsuit accuses the project team of carrying out a years-long fraudulent scheme, including unauthorized transfers of user tokens, secretly selling up to 2 billion Pi tokens, and deliberately delaying t