Bybit CEO Ben Zhou Confirms Exchange Will Not List Pi Network
Ben Zhou, CEO of Bybit, has reiterated his refusal to list Pi Network, labeling it a scam. He highlighted concerns over fraud, sharing a 2023 warning from Chinese authorities about the project targeting elderly individuals with false promises.
- Zhou confirmed Bybit will not support Pi Network due to its deceptive practices.
- A 2023 article described how victims were misled into mining Pi, losing personal data and pensions.
- In response to claims of bias, Zhou clarified that Bybit never sought to list Pi Network.
Pi Network's Market Performance
Despite listing on some exchanges, Pi Network's mainnet launch on February 20 led to initial trading at $1.99, a 36% rise, followed by a sharp decline of 55%, dropping to $0.9123.
- The legitimacy and transparency of Pi Network remain contentious within its community.
- Users have reported poor customer support, including issues recovering lost tokens.
- Some users praised Zhou for prioritizing due diligence in exchange listings.