Recently, a CEO publicly commented on Pi Network in response to a post made by an unaffiliated individual on social media. While we understand that online discussions can sometimes lead to misunderstandings, we want to take a moment to clarify a few points and ensure accurate information is available.

Here’s what you need to know:

It is our understanding that a local police department in China issued a warning that related to bad actors that were falsely seeking to pass themselves off as being affiliated with Pi Network.

Clarification: Pi Network is not affiliated with, did not authorize, and did not engage in any activity that is related to the police warning, and Pi Network has not been contacted by any police department in China regarding this incident. Pi strongly condemns any alleged activities by any bad actor.

There is no relationship between Pi Network and ByBit or Ben Zhou, and Pi Network has not been asked to KYB ByBit as of this date.

Pi Network is a legitimate platform. This has been demonstrated over its six year track record and more than 60 million engaged users. The deliberate and methodical pace of the project was done to seek to ensure the project was successful, developed fully before launch, and to make sure the community was well established to mitigate challenges that other launches face - including those perpetrated by unaffiliated bad actors. Unfortunately, like any business with millions of users, we cannot prevent the acts of each and every unaffiliated bad actor.

Neither Pi Network, nor anyone affiliated with Pi Network, are associated with the social media account which attacked Mr. Zhou. Pi condemns the impersonators that made those comments. Neither Pi Network, nor anyone affiliated with Pi Network, has ever commented about ByBit or Mr. Zhou, whether on social media or otherwise. To that end, other than the comments mentioned in this post, Pi Network – despite the comments made about Pi – still has no comment and retains its position to make no comment regarding ByBit, Mr. Zhou, or their