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 \(1 \le q \le \infty \) and prove that it holds in the endpoint case \(q = 1\) . We then extend the conjecture to \(\begin{aligned}\mathfrak {p}_d(q) = 2+\frac{2}{d+\frac{2}{q-2}}\end{aligned}\) for \(d\ge 1\) and \(2d/(d+1) \le q \le \infty \) 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 \(q = 4/3\) .