Roman Kalinin
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🚨 Bybit CEO Called Pi Network a Scam!
⚡ Bybit leader Ben Zhou has criticized Pi Network, claiming it is a fraudulent project.
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🔍 What are the charges?
👮♂️ Zhou referred to a warning from Chinese authorities (2023) claiming that Pi Network deceives people with promises of prizes while collecting personal data.
🛑 The referral bonus model and token locking raise comparisons with pyramid schemes (Bitconnect, Hex).
📉 There are suspicions in the community that Pi tokens have no real value and are controlled by developers.
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🔥 But here's the paradox:
📈 Despite the accusations, Pi Network's trading volume on OKX, Bitget and Gate exchanges has already exceeded $620 million!
👀 Some traders believe that Zhou is trying to discredit the project because Bybit does not support Pi Network trading.
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📢 Crypto Community Reaction:
✅ Support for Bybit CEO: "Exchanges should better verify projects before listing them to protect investors."
❌ Pi Network Defense: "Bybit is just bitter about missing out on an opportunity – there is no evidence that Pi is a scam."
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🚀 Conclusion:
📌 Pi Network remains a controversial project: highly popular, but without clear evidence of transparency.
📌 The accusations from Bybit's CEO could increase pressure on the project.
📌 If Pi is indeed a scam, exchanges supporting it could face reputational risk.
⚡ Pi Network – a new crypto revolution or just another scam? Time will tell!
⚡ Bybit leader Ben Zhou has criticized Pi Network, claiming it is a fraudulent project.
---
🔍 What are the charges?
👮♂️ Zhou referred to a warning from Chinese authorities (2023) claiming that Pi Network deceives people with promises of prizes while collecting personal data.
🛑 The referral bonus model and token locking raise comparisons with pyramid schemes (Bitconnect, Hex).
📉 There are suspicions in the community that Pi tokens have no real value and are controlled by developers.
---
🔥 But here's the paradox:
📈 Despite the accusations, Pi Network's trading volume on OKX, Bitget and Gate exchanges has already exceeded $620 million!
👀 Some traders believe that Zhou is trying to discredit the project because Bybit does not support Pi Network trading.
---
📢 Crypto Community Reaction:
✅ Support for Bybit CEO: "Exchanges should better verify projects before listing them to protect investors."
❌ Pi Network Defense: "Bybit is just bitter about missing out on an opportunity – there is no evidence that Pi is a scam."
---
🚀 Conclusion:
📌 Pi Network remains a controversial project: highly popular, but without clear evidence of transparency.
📌 The accusations from Bybit's CEO could increase pressure on the project.
📌 If Pi is indeed a scam, exchanges supporting it could face reputational risk.
⚡ Pi Network – a new crypto revolution or just another scam? Time will tell!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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