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Trust Crisis: Why Bybit Questioned Pi Network

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by Giorgi Kostiuk

4 hours ago


Bybit's CEO Ben Zhou has raised significant concerns about Pi Network's operations, questioning its legitimacy.

Bybit CEO's Warnings

Ben Zhou first spoke out against Pi Network when its Open Network launch date was announced. He strongly denied rumors of collaborating with the project and made clear his desire to distance himself from Pi Network. Despite heavy criticism, Zhou continued to strengthen his claims against the legitimacy of the network.

Bybit had made no listing request to $PI and the claim that $PI refused bybit listing or Bybit did not pass some sort of KYB of $PI is completely non sense.Ben Zhou

Police Warnings and Investigations

Zhou pointed to a warning from Chinese authorities about potentially fraudulent activities of Pi Network, focusing on elderly individuals. There were also reports from Vietnam indicating investigations into the project's operations.

Serious Allegations About User Data

Zhou raised issues related to user safety, claiming that Pi Network leaks personal user information, risks pensions, and faces multiple questions about its legitimate operations.

These developments raise serious questions for Pi Network's users, despite the project's strong community support. Potential investors should assess the risks and benefits carefully. Stay tuned for further updates on this developing story.

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