Pi Network has responded to recent allegations made by Bybit CEO Ben Zhou, following the launch of their Open Network and major cryptocurrency exchange listings.
What Started the Controversy?
Bybit CEO Ben Zhou raised concerns about Pi Network in social media posts, claiming that there was a warning from the Chinese police and expressing his view that the project is a scam. This came during a difficult time for Bybit due to a major security breach on February 21st.
Pi Network's Official Response
Pi Network clarified that the police report Zhou mentioned was about scammers impersonating them. The project stated it has not been contacted by Chinese authorities about any issues and disapproved of anyone misusing their name. Pi Network also highlighted its lack of relationship with Bybit, stating that the social media post Zhou reacted to was from an unrelated individual.
New Safety Guidelines Released
In response to the allegations, Pi Network released a safety post for users, which included a list of official communication channels, warnings about unofficial platforms, and guidelines for recognizing legitimate Pi Network communications. The project confirmed consulting legal advisors to deal with scammers.
Despite differing public opinions on Pi Network, their professional response to the allegations and recent listings on major exchanges like OKX indicate a focus on user protection and overcoming present challenges.
