Bybit co-founder and CEO Ben Zhou accused Pi Network of being a scam following a 2023 Chinese police report warning against schemes linked to the project.
Accusations Against Pi Network
Ben Zhou made these claims in an X post in response to a recent post by an unofficial Pi Network technical team, which claimed the exchange had been “rejected by Pi” for a listing. Zhou swiftly denied these allegations, calling them “complete nonsense.”
Pi Network's Response to Allegations
Pi Network warned users about emerging scams and bad actors impersonating the project in a post shared ahead of its mainnet launch. The official Pi Network account denied any involvement in fraudulent activities and distanced itself from individuals or groups claiming false affiliations.
Reaction from Other Exchanges
Unlike Bybit's position, other major exchanges like OKX and Bitget have moved forward with Pi Network listings. Binance recently held a community vote to gauge public sentiment on listing Pi Network.
As allegations against Pi Network continue to draw attention, various exchanges are reacting differently to the potential listing of its token, highlighting the critical need for due diligence and caution in the crypto world.
