Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning

Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning


Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network’s PI token, which was controversially released on Thursday, citing a Chinese police warning from 2023 that alleged the project was a scam targeting elderly people, leaking their personal information and leading to the loss of their pensions.

“There are multiple other reports out there questioning the project legitimacy,” Zhou posted on X. “Yes, I still think you are a scam, and no, Bybit will not list scam.”

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