Recently, Pi Network faced criticism from Bybit CEO Ben Zhou, who expressed doubts about the project's legitimacy. In response, Pi Network released an official statement defending users and the project.
What Triggered the Allegations?
Bybit CEO Ben Zhou made allegations against Pi Network through social media, claiming the project is a scam and citing a Chinese police warning.
Pi Network's Official Response
Pi Network quickly addressed the issue, clarifying that the police warning referred to scammers impersonating the project. The team emphasized they were never contacted by Chinese authorities and have no affiliation with Ben Zhou or Bybit.
New Safety Guidelines
Pi Network released a new safety post warning users about unofficial platforms and offering guidance on identifying legitimate project communications.
The current situation highlights the importance of a professional response to criticism in the cryptocurrency industry. Future developments will determine if Pi Network can prove its legitimacy and earn user trust.
