A leading cryptocurrency exchange figure has raised serious concerns about the Pi Network project amid their launch of the Open Network.
Exchange CEO's Statement
Bybit's CEO Ben Zhou first spoke about Pi Network when the project announced its Open Network launch. Zhou denied any involvement and expressed a strong desire to distance himself from the project.
Police Warnings and Investigations
Zhou pointed to an official warning from Chinese police, which is reportedly investigating Pi Network's activities as potentially fraudulent. Similar investigations are reported to be underway in Vietnam.
Reported fraudulent activities targeting elderly citizens.
Serious Allegations About User Data
Zhou raised additional concerns about user data leaks and potential risks to pension funds.
As Pi Network continues its growth, the increasing allegations demand close attention from both the public and investors.
