5 months ago
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Amid the different palmy motorboat of Pi Network mainnet connected Friday, a dampening quality has travel for Pioneers successful the signifier of Bybit CEO Ben Zhou, who called the task a scam.
On Thursday morning, Pi coin was listed officially connected several exchanges similar OKX, Gate.io, Bitget, and more, marking a important infinitesimal successful the past of the Pi Network task that has agelong seen respective delays and rescheduling for its mainnet.
While fans of the Pi Network celebrated the palmy listing of the Pi coin connected respective exchanges, the exuberance was short-lived arsenic Bybit CEO Ben took the task and its cryptocurrency to the cleaners.
In a tweet connected X (formerly Twitter), Zhou shared a constabulary informing from the Chinese authorities issued successful 2023, informing the nationalist astir Pi coin’s fraudulent nature.
Ben Zhou Calls Pi a Scam | Source XAccording to Ben, the constabulary advisory highlighted that the web allegedly targeted aged individuals, causing them to leak idiosyncratic information and perchance suffer their pensions. Zhou besides referenced aggregate reports questioning the legitimacy of the Pi Network, citing its imaginable risks.
“Bybit had made nary listing petition to $PI, and the assertion that $PI was refused by Bybit oregon failed its KYB is wholly nonsense,” Zhou wrote. He further challenged the Pi Network to code these concerns transparently, alternatively of making what helium called “childish attacks.”
He concluded his station by reiterating that helium believes Pi to beryllium a scam and confirmed Bybit’s refusal to database it.
Despite the contention surrounding Pi Network, the Pi coin has gained traction connected assorted platforms. As of present CoinMarketCap, it is trading astatine astir $0.63 per token, though its worth remains highly volatile successful the look of marketplace uncertainty.
Analysts person expressed mixed views, with immoderate investors wary of the project’s unclear past and others hopeful for its imaginable maturation successful a competitory space.
The beardown accusations from Zhou adhd substance to the ongoing statement astir Pi Network’s legitimacy. While the authoritative motorboat and listings by sevral exchanges whitethorn supply immoderate validation, skepticism remains precocious successful parts of the crypto community, particularly with the warnings issued by authorities and salient figures similar Zhou. As Pi Network moves forward, the task indispensable code these concerns head-on to summation the spot of the broader crypto community.
Also work : Pi Network Warns Users About Fake Pi Coins Scamming Users
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