Bybit Hacked: Are Pi Network Supporters Responsible?

On February 21, 2025, Bybit suffered one of the largest crypto attacks in history, losing $1.5 billion worth of Ethereum. I don’t think this was a coincidence. Just days before the hack, Bybit accused Pi Network of being a scam and targeted the Pi community.

The Pi Network team and its supporters are a highly powerful group. In a previous statement, Bybit mentioned, “If we list Pi Network, we will have to deal with thousands of people demanding their rights.” This clearly showed that Bybit was wary of the strength of the Pi community. However, in the end, it wasn’t Pi users that Bybit had to deal with—it was its own affected customers.

I believe this attack was a direct response to Bybit’s accusations against Pi Network. Pi Network supporters “taught Bybit a lesson” and demonstrated their strength. Do you think this attack was really a coincidence, or was it a strategic move by the Pi Network team? Share your thoughts.

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