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$PI “Oladin Public Chain” is a confirmed collapsed, multi-billion-dollar “virtual currency + pyramid scheme” scam (Ponzi scheme). Please make sure to stay away and do not invest any more money.

Below is a breakdown of the scam’s true nature, hoping to help you recognize the risks:

⚠️ Core facts: This is a scam that has already collapsed

· Operation model: The project team uses high-tech banners such as “the world’s first privacy anonymous financial ecosystem” and “a Web3 comprehensive financial ecosystem,” issues an air coin called “LGNS,” and lures investors with ultra-high returns such as a “daily compounded return rate of 1.2%,” encouraging them to buy and stake (lock up) the tokens.
· The underlying scheme: A typical Ponzi scheme—using money from later investors to pay returns to earlier investors, and once the funding chain breaks, the scheme collapses. The project team also designed a 15-layer pyramid structure (the “spider-web plan”), encouraging “referral recruitment” to develop downlines, which is suspected of being illegal pyramid selling.
· Final outcome:
· Price crash: The LGNS token price plunged from a peak of 86 dollars to nearly zero.
· Planned “harvesting”: The project team was found to have forged audit reports from CertiK, a global top security organization, and secretly minted additional tokens to cash out. In reality, it controlled the permissions to modify the contracts, not any so-called “decentralization.”
· Official classification: As early as 2025, official media and finance authorities in multiple regions of China had already issued risk warnings, explicitly naming “Oladin” as allegedly involved in illegal fundraising, pyramid selling, and financial fraud. In the 2026 CCTV “3·15” evening gala, it was officially labeled a “hundreds-of-billions fund pyramid scam.”

💔 Tragic consequences: More than 500,000 people lost everything

Reports indicate that this scam involved more than 500,000 victims, with the amount involved reaching 100 billion. Many people put in their pension funds, and some even borrowed from high-interest lenders—only to end up losing everything.

💡 Four key warnings to help you stay away from scams

Remember these points for identifying scams—they also apply when spotting other high-risk projects:

· Excessively high returns are always a trap: Any project that promises “principal protection and high interest,” “passive income,” and an annualized return rate exceeding 20% is basically unreliable. Real investing cannot provide guaranteed returns like “tripling within a hundred days.”
· “Lock-up” is often just a delay tactic: When a project rolls out ultra-long (such as 600-day) lock-up/staking plans, it is very likely meant to delay the collapse and buy time for the team to run away.
· Pyramid scheme structure may be illegal: If a project’s profits depend heavily on “referral recruitment” and developing downlines (multi-level distribution), it has already violated the law.
· Beware of “high-tech” packaging: Blockchain, Web3, and DeFi are only technical terms and are absolutely not endorsements of credibility. Scammers like to use complicated jargon to package a simple scam.

In short, “Oladin Public Chain” is a financial scam officially classified as such and already collapsed. Please be sure to stay highly vigilant, do not rely on wishful thinking, and also remind your friends and family to stay away from such projects to protect your property and financial safety.