Pi Network Responds to Bybit CEO’s Scam Allegations
Pi Network has officially addressed recent claims made by Bybit CEO Ben Zhou, who labeled the project a “scam” and confirmed that Bybit would not list its token.
Key Developments:
🔹 The controversy began when an X (Twitter) account, claiming to represent Pi Network’s “unofficial technical team,” alleged that Pi Network had rejected a listing offer from Bybit. Zhou responded by questioning the project’s legitimacy.
🔹 Pi Network clarified that it has no affiliation with the social media account in question and condemned the actions of impersonators misrepresenting the project.
🔹 Zhou further cited a 2023 Chinese police report warning users about fraudulent activities. Pi Network countered that the report pertained to scammers impersonating them, rather than the project itself.
🔹 Addressing concerns about its user base, Pi Network explained that while blockchain explorers show 10.8 million wallet users, its broader ecosystem includes 60 million engaged users actively using its mobile app.
Despite the ongoing debate, Pi Network continues to expand its community. What are your thoughts on this controversy?
#PiNetwork #Bybit #CryptoNews #picoin #CryptoDebate
Pi Network has officially addressed recent claims made by Bybit CEO Ben Zhou, who labeled the project a “scam” and confirmed that Bybit would not list its token.
Key Developments:
🔹 The controversy began when an X (Twitter) account, claiming to represent Pi Network’s “unofficial technical team,” alleged that Pi Network had rejected a listing offer from Bybit. Zhou responded by questioning the project’s legitimacy.
🔹 Pi Network clarified that it has no affiliation with the social media account in question and condemned the actions of impersonators misrepresenting the project.
🔹 Zhou further cited a 2023 Chinese police report warning users about fraudulent activities. Pi Network countered that the report pertained to scammers impersonating them, rather than the project itself.
🔹 Addressing concerns about its user base, Pi Network explained that while blockchain explorers show 10.8 million wallet users, its broader ecosystem includes 60 million engaged users actively using its mobile app.
Despite the ongoing debate, Pi Network continues to expand its community. What are your thoughts on this controversy?
#PiNetwork #Bybit #CryptoNews #picoin #CryptoDebate