Bybit’s CEO Voices Strong Disapproval of Pi Network, Calling it a Scam
Ben Zhou, the Chief Executive Officer of Bybit, has once again voiced his strong opposition to Pi Network, firmly denouncing the project as a deceptive operation. Zhou’s recent comments underscore his continued skepticism about how the platform is run, and he has made it clear that Bybit has no intention of listing the Pi token on its exchange.
No Plans to Add Pi Coin to Bybit
In a recent social media post, Zhou referred to a prior warning from Chinese law enforcement that criticized Pi Network for its allegedly misleading tactics. These reports suggest that the project purportedly took advantage of vulnerable individuals and compromised their personal data, resulting in significant financial losses. Zhou refuted allegations that Bybit’s decision not to list Pi Coin stemmed from internal compliance problems, asserting that such claims are completely false.
“If your project has legitimacy and operates openly, step forward and provide evidence to support your claims instead of making baseless attacks,” Zhou stated.
The CEO emphasized that Bybit remains dedicated to supporting projects that adhere to strict standards of legitimacy and transparency. He challenged the Pi Network team to address the serious issues raised by independent reports, rather than resorting to what he described as unsubstantiated accusations.
The Pi Coin Question
Pi Network’s stated goal is to make digital currency mining more accessible by enabling it through mobile apps. Unlike traditional systems that require significant computing power, Pi Coin can be mined on smartphones with minimal battery drain. The project, founded by a team that includes graduates and researchers from Stanford University, launched its mainnet after a lengthy development phase.
Several prominent cryptocurrency platforms, including Bitget, OKX, and MEXC, have demonstrated support for the Pi token. Despite initial excitement about its potential listing on major exchanges, Pi Coin has recently experienced a noticeable decrease in value.
| Exchange | Status |
| Bitget | Supported |
| OKX | Supported |
| MEXC | Supported |
The ongoing volatility of Pi Coin has triggered intense debate, with critics questioning its ethical practices and long-term viability. Leading figures in the cryptocurrency industry, such as Zhou, continue to advocate for rigorous verification and transparency in the rapidly evolving field of digital currencies.
Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!