This week, the cryptocurrency world is abuzz with Bybit CEO Ben Zhou's claims about Pi Network's legitimacy. The company has issued an official response to these remarks.
The Start of the Controversy
Ben Zhou, head of the Bybit exchange, expressed concerns about Pi Network in his recent social media posts. His comments gained traction as Bybit recently faced a significant security breach. Zhou also referenced a Chinese police report warning of threats tied to Pi Network.
Pi Network's Official Response
Pi Network quickly clarified that the police report Zhou mentioned related to scammers impersonating the company. They assert that they have not been contacted by Chinese authorities regarding any issues. The company also stated that they have no connection with Bybit or Ben Zhou and do not endorse negative comments against him.
New Safety Guidelines
Amid the allegations, Pi Network released a new safety post with recommendations. It includes a list of official communication channels, warnings about unofficial platforms, and confirmation that they have sought legal counsel to deal with scammers.
With the launch of the Open Network and listings on major exchanges, Pi Network is under scrutiny regarding its legitimacy. However, their professional response to allegations and recent safety measures stand out as positive factors in building trust in the project.
