Pi Network Under Investigation?! Bybit CEO Speaks Out

Exchange CEO Raises Red Flags

But Zhou didn't stop there. As criticism mounted against him and Bybit for their stance, Zhou doubled down with even stronger statements about Pi Network…

Police Warnings and Investigations

Serious Allegations About User Data

Zhou raised additional concerns about user safety. He claimed that Pi Network:

• Leaks users' personal information
• Could put people's pensions at risk
• Has faced multiple questions about its legitimate operations

Bybit's Strong Stance

Addressing rumors head-on, Zhou clarified several points about Bybit's relationship with Pi Network:

"Bybit had made no listing request to $PI and the claim that $PI refused bybit listing or Bybit did not pass some sort of KYB of $PI is completely non sense." Zhou stated firmly.

Zhou challenged Pi Network directly, stating that if the project is legitimate, it should address these serious accusations openly. He concluded his post by saying that he believes Pi Network a scam, a statement likely to upset many in the Pi community.

Mixed Reception in the Crypto World

While Pi Network has achieved significant milestones, including:

• Launching its Open Network after approximately 3 years of delays
• Getting its PI token listed on several major exchanges

What This Means for Pi Network Users

Looking Ahead

As Pi Network moves forward with its Open Network, the cryptocurrency community watches closely. The project faces the challenge of addressing these allegations while maintaining its momentum after the recent launch.

For potential users and investors, these conflicting signals suggest the importance of thorough research and careful consideration before getting involved with any project.

Stay tuned for more updates as this story develops, particularly regarding any responses from Pi Network to these serious allegations.