Amid Pi Network's mainnet launch, Bybit's CEO Ben Zhou accuses the project of being fraudulent, sparking intense discussions within the crypto community.
Pi Network Launch and Listing
On Thursday morning, Pi coin was officially listed on several exchanges, such as OKX, Gate.io, and Bitget. This marked a significant moment in the Pi Network's history, which had long faced delays and rescheduling of its mainnet launch.
Criticism from Ben Zhou
Bybit's CEO Ben Zhou publicly criticized the project, calling it a scam. In his tweet, he referred to a 2023 police warning from the Chinese authorities about Pi coin’s fraudulent nature. Ben claims the network allegedly targets the elderly, causing them personal data breaches and potential pension losses.
Community Reaction and Future
Despite the criticism of Pi Network, Pi coin continues to gain traction on various platforms. However, its value remains highly volatile. Analysts express mixed opinions: some investors are cautious due to the project's unclear history, while others see growth potential.
Strong accusations from Zhou fuel the debate about Pi Network's legitimacy. While the official launch and listings on several exchanges may offer some validation, skepticism remains high in parts of the crypto community.
