Pi Fraud: PiBridge raises alarm over Fantomlive’s refusal to remit $20k raised during IDO event

It is no longer rumour as PiBridge’s team posted what appeared to be a scam from Fantomlive in their official Telegram group.

PiBridge used telegram to alert and caution its users who had taken part in the IDO event on the Fantomlive platform to urgently request a refund of their money. The Bridge’s team claimed that Fantomlive raised $20,000 during the IDO event but has refused to pay the money to PiBridge.

The team also alleged that they had tried everything possible to persuade Fantomlive to transfer the money, but in vain. The text says:

“With the criterion of always trying to ensure the interests of users in all cases, PiBridge has been willing to exchange and negotiate with FantomLive to achieve the best effect for the community.

However: Fantomlive announced that it raised $20,000 but did not return the raised amount to the project to carry out post-funding product development activities as originally committed to PiBridge.

-Not stopping there, FantomLive also has a mass release of PiB on the market, directly affecting users of PiBridge.”

The PiBridge team is urging all of its users to forego any further interactions with Fantomlive and similar platforms.

“With an unprofessional and unfaithful attitude from Fantomlive, PiBridge decided: The number of IDO tokens on Fantomlive that have not been vested will be destroyed and burned. Users participating in IDO are asked to contact FantomLive for a refund. transferred to register to buy PIB tokens.

We urge users to be alert and careful in their subsequent transactions on this platform.”

What is PiBridge?

PiBridge is a hybrid gateway that dissolves the barrier separating the Pi network from other blockchains, making Pi approachable and available to the general public and providing the Pi community with a new flexible and transparent financial tool. In order to allow data to flow and Pi holders to freely move between the networks, the PiBridge team seeks to create the gateway connecting Pi and other blockchains. To enable interaction between Pi holders and other digital assets on BSC, PiBridge will issue Wrapped Pi (WPI) on Binance Smart Chain (BSC). The bridge will be expanded to connect to further expansive networks, such as Polygon and Cosmos.