A leading cryptocurrency exchange leader has raised serious concerns about the Pi Network project following its eagerly awaited Open Network launch.
Criticism from Exchange Leadership
Bybit CEO Ben Zhou first spoke out when Pi Network announced its Open Network launch date. In his initial comments, Zhou made it clear that he wanted nothing to do with Pi Network and strongly denied rumors about joining the project.
Police Warnings and Investigations
In his latest social media post, Zhou pointed to an 'official police warning' from Chinese authorities, which indicated that the project might target elderly people with potentially fraudulent activities. Authorities in Vietnam were also reported to be investigating Pi Network's activities.
Allegations About User Data
Zhou also raised concerns about user safety, claiming that Pi Network leaks users' personal information, potentially puts people's pensions at risk, and repeatedly faces questions about its legitimate operations.
Pi Network's ongoing development amid serious allegations raises many questions within the cryptocurrency community. For participants and potential investors, careful evaluation of information about the project is crucial.
