PI NETWORK'S RESPONSE TO ALLEGATIONS"
Pi Network has been accused of operating as a scam, particularly after Chinese authorities issued warnings about fraudulent activities involving its name. In response, Pi Network has clarified that these warnings were not directed at the official project but rather at scammers impersonating Pi Network. The team has emphasized that they have no connection to these fraudulent activities and have not been contacted by Chinese authorities regarding any wrongdoing.
In response to the accusations from Bybit CEO Ben Zhou, Pi Network has explicitly stated that it has no affiliation with Bybit and has not provided any official approval for listing its token on the exchange. The team has also distanced itself from social media accounts that have been making negative comments about Zhou, reinforcing their commitment to ethical business practices.
LEGITIMACY !!!
Pi Network maintains that it is a legitimate cryptocurrency project aiming to make mining accessible to everyday users. Unlike traditional mining methods that require high computational power, Pi Network allows users to mine Pi coins through a mobile app using the Stellar Consensus Protocol (SCP). The project has consistently claimed that it is built on decentralization, user participation, and long-term ecosystem development.
