This week, Pi Network officially addressed fraud accusations from Bybit CEO Ben Zhou. This followed the launch of their Open Network and listings on major exchanges.
The Start of the Controversy
Ben Zhou, head of the Bybit exchange, expressed concerns about Pi Network on social media. His statements coincided with a significant security breach affecting Bybit.
Pi Network's Official Response
Pi Network clarified that the police report was about scammers impersonating their project. They have never been contacted by Chinese authorities regarding any issues and condemn those who mislead people. They have no connection with Zhou or Bybit and do not support negative comments towards the exchange or its CEO.
New Safety Guidelines
The post includes a list of Pi Network's official communication channels and warnings about using unofficial platforms. The project has taken legal advice concerning scammers and provided clear guidelines for identifying genuine Pi Network communications.
Amid the launch of their Open Network and exchange listings, Pi Network is taking active steps to protect its reputation and users from fraud. Their professional response to the accusations may help build trust in the project.
