With just one day after the official Launch of the Pi Network mainnet, things are taking a bad turn for the Pi community. Bybit CEO Ben Zhou, who previously stated that Bybit has no plans to list the Pi coin, has now called it a Big scam. He made it clear that Bybit will not list scams.
Meanwhile, the Pi Network token price is already struggling after its launch, with the Pi coin’s price dropping below $1, marking a 100% decline.
Ben Zhou Rejects Pi Network
The launch of Pi Network on February 20 has sparked excitement among its community, as supporters eagerly await its listing on major crypto exchanges. Perhaps, not all platforms are open to the idea.
A week ago, Ben Zhou shared on X that he was invited to join Pi Network but turned it down, calling the offer “ridiculous.” He explained that during his time in forex trading, he often dealt with people trying to get their money back, and he wanted to avoid such issues in the crypto world.
His remarks made it clear that he did not trust the project and preferred to stay away from it.
His strong rejection of the Pi Network led to backlash from the Pi community supporters, with some accusing Bybit of losing relevance in the crypto industry.
Others claimed that Bybit had applied to list Pi but was rejected. However, Zhou quickly denied these allegations and set the record straight.
Ben Challenges Pi Network on Scam Claims
In response to the criticism, Ben Zhou did not hold back. He pointed to an official warning from the Chinese police issued in 2023, which classified Pi Network as a SCAM.
According to the warning, Pi Network targeted elderly people, collecting their personal data and causing financial losses, including their pensions. He also highlighted multiple other reports questioning the project’s legitimacy.
Additionally, Zhou dismissed claims that Bybit had applied for a listing and was rejected by Pi Network. He called these statements baseless and urged Pi Network’s team to address the scam allegations openly instead of attacking critics.
No Place for Scams on Bybit
Zhou made his final stance clear, stating, “Yes, I still think you are a scam, and no, Bybit will not list scams.” His strong words reinforce Bybit’s commitment to avoiding questionable projects and maintaining its credibility in the crypto industry.
As the Pi Network community continues to push for legitimacy, it remains to be seen how other exchanges will respond.
