Bybit CEO Ben Zhou has raised significant doubts about the legality of cryptocurrency project Pi Network and its operations.
Exchange CEO's Statement
Ben Zhou's initial comments emerged following Pi Network's announcement of its Open Network launch. Zhou made it clear he had no intention to collaborate with the project and denied rumors of his involvement.
Police Warnings and Investigations
In his latest social media post, Zhou referenced a Chinese police warning regarding potential fraudulent activities by Pi Network. Additionally, investigations by Vietnamese authorities are ongoing.
Serious Allegations About Data Use
Zhou voiced additional concerns about user safety, claiming that Pi Network exposes users' personal data and pensions to risk and faces numerous questions about its operations' legitimacy.
Despite criticisms, Pi Network continues to attract attention and support from its community, but these mixed signals call for cautious engagement.
