Bybit CEO and co-founder Ben Zhou recently claimed that Pi lacks transparency, yet his own statements about the project in his VnExpress interview seemed vague and superficial. Ironically, he spoke as if he were a newcomer to the crypto space.
“Many people have asked if Bybit will list Pi. While we have not interacted much with the project, we have conducted basic evaluations as we do with other cryptocurrencies,” Zhou told VnExpress. He further cautioned that the Pi Network primarily targets individuals unfamiliar with cryptocurrency.
If people who had no prior knowledge of crypto were able to grasp the concept of Pi and remain engaged with the project for over six years, how is it that someone with extensive resources and experience in the industry finds it so difficult to understand? Before making such harsh accusations, wouldn’t it have been more reasonable for him to conduct a deeper analysis?
The Pi Core Team (PCT) has consistently emphasized financial inclusivity as their main objective. Millions of users who had never heard of Bybit before are now aware of the platform, thanks to Pi. Doesn’t this alone demonstrate Pi’s organic influence on the crypto world? Even with its challenges, isn’t broad participation and inclusivity the future of a truly decentralized financial system, rather than the untrustworthy, closed-off markets we see today?
“They advertise that by pressing a button, you can earn a lot of money. But they never explain how those returns are generated. Many people have received nothing, while leaks of internal information occasionally surface,” Zhou stated.
If Bybit’s CEO truly believes Pi is a scam or worse than a meme coin, then why does his platform take advantage of Pi’s user base for its own marketing? Bybit and Binance ads frequently appear within Pi’s mining interface. Isn’t this a clear case of double standards?
“I hope the founders or management team will step forward, maybe host a live-stream, so that people like me can understand the project. Instead, they have chosen to attack me and Bybit,” Zhou continued.
As a freelancer, I typically charge for my writing, but I’m sharing this response voluntarily because I believe in the project. Most of the criticism directed at Bybit and Binance on social media comes from the Pi community itself, not from the PCT. These users are still navigating the crypto space, and their passion speaks volumes. Meanwhile, major crypto news outlets like CoinDesk and Decrypt haven’t even begun covering Pi, yet its dedicated community has managed to generate significant attention.
Pi operates through a system of internal trust circles, and its blockchain technology is built on the Stellar network, a well-established framework in the crypto industry. Anyone questioning the technical expertise of Pi’s founders only needs to watch Dr. Nicholas Kokkalis’s blockchain lectures on YouTube. He is not some elusive figure that a CEO of Ben Zhou’s stature would struggle to track down—especially when Zhou was able to identify those responsible for the $1.5 billion ETH exploit on his exchange.
Is this so-called “lack of knowledge” merely a cover for an attempt to manipulate Pi’s market value before a major listing?
#pi #PiOnBinance #PiCoreTeam #Binance #BenZhou
