Last week, Pi Network issued an official response to allegations concerning the legitimacy of their project made by Bybit's CEO Ben Zhou. The response came shortly after Pi Network launched its Open Network and secured listings on major cryptocurrency exchanges.
The Beginning of the Dispute
Ben Zhou, who leads the cryptocurrency exchange Bybit, expressed concerns about the legitimacy of Pi Network in his social media posts. These comments came after Bybit experienced a significant data breach on February 21st. Zhou indicated that there might be a Chinese police warning about Pi Network and expressed his opinion that the project could be a scam.
Pi Network's Official Response
Pi Network clarified that the police report Zhou referred to was about scammers impersonating the project. They stated that they have never been contacted by Chinese authorities about these issues. Pi Network also emphasized that they have no connection with Zhou or Bybit, and they do not support any negative interactions with Bybit.
New Safety Guidelines
In response to the accusations, Pi Network published new safety guidelines for its users. The post includes: a list of official communication channels, warnings about unofficial platforms, and an outline of measures the project has taken to combat scammers.
Amidst the arising doubts, Pi Network continues to move forward, launching its Open Network and achieving listings on major exchanges. Their professional approach to handling criticism and willingness to provide clear information might be the key to strengthening trust within the crypto community.
