Let $\mathfrak{p}_d(q)$ denote the critical exponent of the Riesz projection from $L^q(\mathbb{T}^d)$ to the Hardy space $H^p(\mathbb{T}^d)$, where $\mathbb{T}$ is the unit circle. We present the state-of-the-art on the conjecture that $\mathfrak{p}_1(q) = 4(1-1/q)$ for $1 \leq q \leq \infty$ and prove that it holds in the endpoint case $q = 1$. We then extend the conjecture to \[\mathfrak{p}_d(q) = 2+\cfrac{2}{d+\cfrac{2}{q-2}}\] for $d\geq1$ and $\frac{2d}{d+1} \leq q \leq \infty$ and establish that if the conjecture holds for $d=1$, then it also holds for $d=2$. When $d=2$, we verify that the conjecture holds in the endpoint case $q = 4/3$.
