Bybit CEO Ben Zhou has asserted that Pi Network is a fraudulent project and will not be listed on their exchange.
Bybit's statement on Pi Network
Bybit CEO Ben Zhou stated that they never submitted a listing request for $PI. He also reminded of various warnings regarding Pi Network, notably an official statement from the Chinese police accusing the project of fraud.
Reaction to fraud accusations
Ben Zhou criticized Pi Network's reaction to accusations of fraud. According to him, instead of providing explanations and addressing the legitimate concerns of the public, the project resorts to spreading unfounded attacks against Bybit.
User security above all
This firm stance comes in a context where platforms like Bybit are tightening their selection criteria to protect their users from fraud. Ben Zhou emphasizes that reliability and security take precedence over speculation.
After this scathing response from Bybit's CEO, it remains to be seen how Pi Network will react. Will there be proof of the project's legitimacy, or will its reputation suffer further?
