The CEO Of Bybit Labels Pi Network A Scam And Refuses Its Listing

The CEO of Bybit, Ben Zhou, has recently taken a firm stance against Pi Network ($PI), stating that it is a scam and that his exchange will never list a fraudulent project. This statement follows a controversy triggered by a page from Pi Network, which claimed that Bybit was losing its influence in the crypto market after Pi Network supposedly refused to be listed on the exchange.

Bybit refuses to list Pi Network, calling the project a scam!

In a blunt response, Ben Zhou emphasized that Bybit had never submitted a listing request for $PI. Furthermore, he reminded of several warnings concerning Pi Network, notably an official statement from the Chinese police dating back to 2023. This warning cautioned about the crypto project, accusing it of targeting elderly individuals to extract their personal data and savings.

Ben Zhou also criticized Pi Network’s reaction to the fraud accusations. According to him, instead of providing explanations and addressing the legitimate concerns of the public, the project simply resorts to spreading unfounded attacks against Bybit.

If the project were legitimate and transparent, it should address these accusations to dispel doubts. But instead, you are inventing lies and resorting to childish attacks. He stated.

He concludes by reaffirming his position: “Yes, I still think you are a scam, and no, Bybit will not list a scam.”

User security above all!

This stance comes in a context where exchange platforms like Bybit are tightening their selection criteria to protect their users from scams. By categorically refusing to list Pi Network, Ben Zhou sends a clear message: credibility and security take precedence over speculation.

After this scathing response from the CEO of Bybit, it remains to be seen what Pi Network’s reaction will be. Will it provide evidence of its legitimacy or will its reputation be further tarnished? The coming days are likely to be turbulent in the crypto ecosystem.