The CEO of one of the leading cryptocurrency exchanges, Bybit, has raised serious concerns about the Pi Network project, questioning its legitimacy.
Bybit CEO's Criticism
Ben Zhou, the CEO of Bybit exchange, publicly criticized the Pi Network project when they announced the launch date of their Open Network. He immediately stated that he wanted nothing to do with Pi Network, dismissing rumors about potential involvement in the project. He then continued to make further statements, strengthening his criticism.
Police and Investigations
In his latest social media post, Zhou mentioned an 'official police warning' from Chinese authorities, claiming that the project is targeting elderly people with potential fraudulent intent. Additionally, it is known that authorities in Vietnam are also interested in investigating Pi Network's activities.
Serious Allegations About User Data
Zhou also expressed concerns over user safety, claiming that Pi Network: * Leaks users' personal information * Endangers people's savings * Has faced numerous questions regarding the legality of its operations
Recent statements and criticism from industry leaders leave many questions for Pi Network's users. While the project sees support within its community, it continues to face significant skepticism and disappointment among some investors following its recent Open Network launch.
