Pi Network Under Fire: Bybit CEO Calls Scam, China Issues Warning
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- Bybit CEO, Ben Zhou, rejects listing Pi Network on his exchange, citing scam concerns
- Chinese authorities warn Pi Network targets seniors, causing financial risks
- Pi token faces massive price drop after launch, with ongoing market volatility
Pi Network is facing growing scrutiny. This is especially true from Bybit CEO Ben Zhou and Chinese authorities. Specifically, Zhou has publicly condemned the network as a scam. To back this stance, he stated that Bybit will not list its token.
His reasoning is based on concerns about its authenticity. Adding to the pressure, the Chinese government has also issued a warning on the project. This official warning raises questions about its validity as the risks the protocol mounts are seen especially pertinent to elderly individuals.
China Had Officially Warned About Pi Networ…
The post Pi Network Under Fire: Bybit CEO Calls Scam, China Issues Warning appeared first on Coin Edition.
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In This News
Coins
$ 0.00876
-5.88%$ 0.00...361
$ 0.334
+2.96%$ 0.631
$ 0.000161
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