Bybit CEO Rejects Pi Network Listing Amid Exchange Controversy
Bybit CEO Ben Zhou Rejects Pi Network Listing
Bybit's CEO, Ben Zhou, publicly declined requests to list the Pi Network token, citing past experiences in the forex market as a reason for avoiding potential investor backlash. His comments came after OKX announced it would list Pi.
- Zhou received multiple inquiries about listing Pi but rejected them, stating he wants to avoid drama.
- Pi Network faces ongoing controversy, particularly in China, due to accusations of operating like a pyramid scheme.
- Critics argue its model resembles multi-level marketing rather than a legitimate blockchain project.
- Other exchanges are distancing themselves; Bitget removed promotional content related to Pi after initially supporting it.
- Community response on social media suggests skepticism towards Pi Network, emphasizing that hesitation from exchanges indicates potential issues.
- Supporters claim exchanges are cautious due to Pi’s unique launch strategy, with the mainnet expected to go live on February 20.
- Some users report difficulties in verifying their accounts ahead of the launch.