Bybit CEO Ben Zhou has slammed the Pi Network project, calling it a scam and confirming that his platform will not list it.
This comes after the Pi coin crashed by 60% following the launch of the mainnet.
In a post on X, Zhou cited a previous warning from Chinese police about Pi Network targeting elderly individuals and stealing their data, resulting in financial losses.
The project’s founders, however, rejected Bybit’s claims, calling on the exchange to be transparent rather than childish attacks.
Despite Pi being listed on exchanges like Bitget, OKX, and MEXC, and its community attacking Binance, the coin’s value has fallen to $0.67 amid concerns over the project’s legitimacy.
For my part, I also did not write about the project before, despite following the project and its development stages, as the project started without any real application on the ground, but rather just promises. After more than 4 years, its main network was launched, which made us avoid it and avoid publishing about it for the safety of our followers, as we see the project as not being serious and that it is very likely to be a fraudulent project.
