Bybit CEO Ben Zhou has raised serious concerns over Pi Network, questioning its legitimacy and highlighting potential fraudulent activities.
Exchange CEO Raises Red Flags
Ben Zhou first voiced his concerns when Pi Network announced its Open Network launch date. He strongly denied rumors of his involvement with the project and emphasized his desire to distance himself from it. Despite criticism from the Pi Network community, Zhou continued to criticize the project.
Police Warnings and Investigations
In his latest social media post, Zhou referenced an 'official police warning' from Chinese authorities dated 2023, which accused the project of targeting elderly people with fraudulent activities. Additionally, authorities in Vietnam are reportedly investigating Pi Network.
Serious Allegations About User Data
Zhou also expressed concerns about user safety, claiming that Pi Network could leak personal information and jeopardize pensions, while also facing multiple questions about its legitimate operations.
These developments raise important questions for the Pi Network community. The conflicting information about token listings and serious allegations from industry leaders create uncertainty, although the project continues to enjoy support from its community.
