BenZhou

Bybit CEO and co-founder Ben Zhou recently claimed that Pi lacks transparency, yet his own statements about the project in his VnExpress interview seemed vague and superficial. Ironically, he spoke as if he were a newcomer to the crypto space.

“Many people have asked if Bybit will list Pi. While we have not interacted much with the project, we have conducted basic evaluations as we do with other cryptocurrencies,” Zhou told VnExpress. He further cautioned that the Pi Network primarily targets individuals unfamiliar with cryptocurrency.

If people who had no prior knowledge of crypto were able to grasp the concept of Pi and remain engaged with the project for over six years, how is it that someone with extensive resources and experience in the industry finds it so difficult to understand? Before making such harsh accusations, wouldn’t it have been more reasonable for him to conduct a deeper analysis?

The Pi Core Team (PCT) has consistently emphasized financial inclusivity as their main objective. Millions of users who had never heard of Bybit before are now aware of the platform, thanks to Pi. Doesn’t this alone demonstrate Pi’s organic influence on the crypto world? Even with its challenges, isn’t broad participation and inclusivity the future of a truly decentralized financial system, rather than the untrustworthy, closed-off markets we see today?

“They advertise that by pressing a button, you can earn a lot of money. But they never explain how those returns are generated. Many people have received nothing, while leaks of internal information occasionally surface,” Zhou stated.

If Bybit’s CEO truly believes Pi is a scam or worse than a meme coin, then why does his platform take advantage of Pi’s user base for its own marketing? Bybit and Binance ads frequently appear within Pi’s mining interface. Isn’t this a clear case of double standards?

“I hope the founders or management team will step forward, maybe host a live-stream, so that people like me can understand the project. Instead, they have chosen to attack me and Bybit,” Zhou continued.

As a freelancer, I typically charge for my writing, but I’m sharing this response voluntarily because I believe in the project. Most of the criticism directed at Bybit and Binance on social media comes from the Pi community itself, not from the PCT. These users are still navigating the crypto space, and their passion speaks volumes. Meanwhile, major crypto news outlets like CoinDesk and Decrypt haven’t even begun covering Pi, yet its dedicated community has managed to generate significant attention.

Pi operates through a system of internal trust circles, and its blockchain technology is built on the Stellar network, a well-established framework in the crypto industry. Anyone questioning the technical expertise of Pi’s founders only needs to watch Dr. Nicholas Kokkalis’s blockchain lectures on YouTube. He is not some elusive figure that a CEO of Ben Zhou’s stature would struggle to track down—especially when Zhou was able to identify those responsible for the $1.5 billion ETH exploit on his exchange.

Is this so-called “lack of knowledge” merely a cover for an attempt to manipulate Pi’s market value before a major listing?

#pi #PiOnBinance #PiCoreTeam #Binance #BenZhou
$ETH

Stating that the disclosures in leveraged transactions of cryptocurrencies are much higher than the reflections, #bybit CEO #BenZhou says the real amount could be around $8-10 billion.
Ben Zhou, CEO of Bybit, one of the world's largest cryptocurrency exchanges, stated that the liquidations in leveraged transactions could be far beyond what is hidden. "I think the amount declared today is much more than $2 billion," said Zhou, explaining his estimate as $8 to $10 billion. The CEO drew that only Bybit's total amount of $2.1 billion in 24 hours will be exhausted.
Zhou said the following about why he thinks the figure is $8 to $10 billion:
“As you can see in the screenshot below, on Coinglass, the values given in the last 24 dates of disclosures on Bybit were around $333 million, but these figures do not include all payments. We have an API limit on the amount of data transferred per second. According to my observations, a similar method has been developed to limit regulation in other exchanges.”
Zhou added that from now on, Bybit will share all constitutions transparently.
Liquidation or liquidation refers to the automatic exit or “reset” of an investor in the cryptocurrency markets with a loss. For example, if the market price drops to a level that cannot protect the investor's collateral during a leveraged transaction, the exchange or brokerage firm is closed. In this way, the investor's negative balance is prevented from decreasing, but some or all of the collateral is lost.
#MarketPullback #BitcoinVsTariffs #AltcoinRevolution2028

Bybit CEO and co-founder Ben Zhou, alleged that Pi isn’t transparent about its project details; however, the things he shared to VnExpress about the coin recently, also seemed to lack ground, depth and details. He spoke as if he is the one new to the crypto-market.
"Many people have asked if Bybit will list Pi. While we have not interacted much with the project, we have conducted basic evaluations as we do with other cryptocurrencies," the Bybit CEO told VnExpress. Ben Zhou also warned that the Pi network targets people who are unfamiliar with cryptocurrency.
If people who are completely unfamiliar with cryptocurrency, read and understood about the project and waited for over 6 years for it to materialise, how is it so hard for someone with access to so much of information about crypto projects, to try and understand a little bit more about it before launching such a vicious attack?
The PCT has always stressed that their greatest goal is financial inclusivity. Millions of people who had no idea of Bybit before, currently know about the platform. Isn’t this enough to prove Pi’s organic impact on the crypto-world by itself? Even with a few tumbles, shouldn’t that level of inclusivity and participation be the future of a new crypto world, rather than staying as a dark corner none really trusts in?
"They advertise that by pressing a button, you can earn a lot of money. But they never explain how those returns are generated. Many people have received nothing, while leaks of internal information occasionally surface."
If Bybit CEO thinks that Pi is such a scam, or even worse than a meme coin, where are Bybit’s standards when they use Pi’s user-base to promote their own platform? Ads of Bybit and Binance regularly pop up on Pi’s platform while mining. Should I say more about such double-standards?
"I hope the founders or management team will step forward, maybe host a live-stream, so that people like me can understand the project. Instead, they have chosen to attack me and Bybit."
I am a freelancer who charge for my words, but I am not being paid to write here. I am here because I love the project. Similarly, most of the posts on social media against Bybit and Binance are directly from the Pi community, and not on the PCT’s directives. You can’t blame them; they are still learning. Established crypto-news platforms like CoinDesk and Decrypt haven’t even started reporting on Pi. The coin’s strong community is creating the buzz.
The project runs on internal trust circles formed. Pi’s blockchain technology, Stellar network, is not new to the crypto-industry either. To understand about the founders of Pi, or how strong their technical knowledge is, all you have to do is to go to Youtube and listen to Pi co-founder, Dr. Nicholas Kokkalis’s lectures on Blockchain to his students. He is not some myth that a CEO of Ben Zhou’s scale cannot trace if he so heroically busted those who fled with $ETH worth 1.5B from his exchange. Is all this pretending-not-to-know aimed at crashing Pi’s market and buy their their shares short before a major listing?
#BenZhou #pi #PiCoreTeam #Binance #WhaleAccumulation