The post Bybit CEO Labels Pi Network a Scam, Refuses To List Token appeared on BitcoinEthereumNews.com.

Amid increasing enthusiasm surrounding the Pi Network, Bybit CEO Ben Zhou labeled it a scam. Clarifying that Bybit has no plans to list the PI token, the Bybit CEO questioned the project’s legitimacy. Meanwhile, the PI token’s value plummeted by over 55% in a single day, causing alarm among investors. Despite its initial popularity, the token’s downward spiral has raised concerns about its long-term viability. Pi Network Is a Scam, Says Bybit CEO Bybit CEO Ben Zhou has publicly voiced his skepticism about the Pi Network’s legitimacy, calling it a scam. In a recent X post, Zhou explicitly stated that Bybit will not list the PI token, reaffirming his doubts about its authenticity. He stated, “I still think you are a scam, and no , Bybit will not list scam.” Referring to a 2021 warning from the People’s Government of Hengyang, Zhou pointed out that the Chinese Police deemed Pi Network as a scam targeting elderly folks. According to reports, the government has issued a warning against Pi Network’s alleged plans to misuse the public’s personal data to accumulate pension funds. The Bybit CEO added, “There are multiple other reports out there questioning the project legitimacy.” Bybit Has No Plans to List PI Token Reiterating his previous stance, Ben Zhou stated that Bybit is not listing the Pi token, due to scam concerns. In a previous post, he dismissed rumors of Bybit listing the Pi token, with a message in Chinese. The post is translated as, A bunch of people asked me today if I wanted to list Pi. I said, ‘Stop being ridiculous.’ Back when I was trading forex, I was constantly confronted by middle-aged people demanding their hard-earned money back. I really don’t want to deal with that in the crypto space—so I’m keeping my distance. Thanks In…

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Filed under: News - @ February 21, 2025 6:25 am