The WeChat Security Center released the October hot rumors on Moments, "Can π Coin be exchanged now?" made the list

The WeChat Security Center released the rumors trending in October 2025, with "Can π coins be exchanged?" ranking sixth.

Netizens posted short videos claiming "Now the bank's service hall has started approving π coins." Upon verification, the video content was from a "π" type approval specialist window at a local service center, which has no relation to the rumored "π coins" and is a misinterpretation of the "π" type approval specialist window.

The China Internet Joint Rumor Refutation Platform stated that "π type approval specialists" refer to advanced composite approval talents who possess professional approval knowledge in at least two fields and can integrate multiple areas of knowledge. "π coins" are a type of virtual currency based on blockchain technology, utilizing a unique mining method and centralized network architecture, abbreviated from the English Pi Network. In fact, many local internet police have issued risk warnings that free mining of "π coins" is a scam to sell users' personal information for financial gain.

The China Internet Joint Rumor Refutation Platform also stated that the news about "π coins" being exchangeable for RMB is false. China Postal Savings Bank researcher Lou Feipeng stated that virtual currency is not real currency. The only legal institution for currency issuance in our country is the People's Bank of China, and virtual currencies like "π coins" are not issued by the People's Bank of China and have no exchange relationship with RMB.