Bybit CEO Issues Warning on Pi Network Amidst Investigations

Controversial cryptocurrency exchange Bybit has sparked a debate around the legitimacy of Pi Network, a project facing scrutiny after its long-awaited Open Network launch. Ben Zhou, CEO of Bybit, has raised alarm bells about the platform’s operations, demanding transparency and raising serious concerns regarding potential fraud. 2023 saw Chinese authorities issue a police warning suggesting Pi Network might be targeting elderly individuals through potentially fraudulent activities. This follows reports from Vietnam investigating the project’s activities as well.