Pi Network: No Listing Request Submitted to Bybit
【Pi Network: No Listing Request Submitted to Bybit】Golden Finance reported that Pi Network responded to the controversy sparked by a post from Bybit CEO Ben Zhou, which questioned the legitimacy of the project and accused it of being a scam. On February 20, an X account claiming to be the 'unofficial technical team' of Pi Network stated that the project had declined Bybit's listing invitation and that Bybit was 'losing market position.' Zhou responded to the provocation, labeling Pi Network a 'scam' and referencing a report from Chinese authorities in 2023 that warned users about a project targeting the elderly. Zhou also stated that Bybit never submitted a listing request to Pi Network and demanded that the project prove its legitimacy by addressing previous reports that questioned its operations. A Pi Network spokesperson denied any relationship with Bybit and confirmed that Bybit had not requested a 'Know Your Business' (KYB) verification, which reviews external businesses to ensure ecosystem transactions occur between verified participants. Pi Network also responded to the warnings from Chinese police mentioned by Zhou, claiming that those reports involved fraudsters impersonating Pi Network, rather than the company itself.