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Pi Network Raises Red Flags: Bybit CEO’s Stance

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by Giorgi Kostiuk

3 hours ago


The recent launch of Pi Network's Open Network has drawn serious attention. Bybit CEO Ben Zhou has expressed concerns regarding its legitimacy.

Bybit CEO Warnings

Initially, Ben Zhou voiced his strong disapproval of Pi Network, stating he wanted nothing to do with it. He also denied rumors of his involvement. These statements caught attention and criticism from the Pi Network community.

Zhou's remarks sparked backlash among Pi Network supporters.

Police Warnings and Investigations

Zhou referred to a Chinese police warning, claiming Pi Network targets elderly individuals and may be involved in fraudulent schemes. Investigations are also ongoing in Vietnam.

Serious Allegations About User Data

Zhou raised concerns about user safety, stating that Pi Network could leak personal data and jeopardize user pensions.

Bybit had made no listing request to $PI and any claims otherwise are nonsensical.Ben Zhou

Despite the criticism, Pi Network continues after the Open Network launch, urging users and investors to carefully evaluate all aspects before engaging.

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