Recently, Pi Network found itself in the spotlight following claims made by Bybit CEO Ben Zhou. In response, Pi Network issued an official statement clarifying the situation and presenting its stance on the emerging controversy.
Reason Behind the Controversy
Ben Zhou, the leader of the popular cryptocurrency exchange Bybit, raised concerns in his social media posts, alleging a Chinese police warning about Pi Network. This statement coincided with an unfortunate event for Bybit, which suffered a significant security breach. Zhou claims that Pi Network is a scam.
Pi Network's Official Standpoint
Pi Network quickly responded to Zhou's claims, highlighting that the police report he referred to was about scammers impersonating Pi Network. The company stated it has never been contacted by Chinese authorities and strongly condemned attempts to deceive users. In its statement, Pi Network emphasized its independence from Bybit and the absence of official connections with the exchange.
New Safety Guidelines
In response to the situation, Pi Network released a post with safety advice, specifying the company's official communication channels, warning users about the dangers of unofficial platforms, and confirming that they have sought legal advice in fighting scammers. Clear instructions were given on how to distinguish genuine Pi Network messages from fake ones.
Despite the contentious nature of the project, Pi Network demonstrated a professional approach to criticism and a commitment to protecting its achievements and users. Leading figures in the cryptocurrency community noted the company's positive response, turning a potential crisis into an opportunity to strengthen trust and confidence in the project.
