Bybit CEO and co-founder Ben Zhou has refuted allegations that the crypto exchange’s campus ambassador program encouraged students to download the Bybit app and engage in contract trading. This response follows accusations circulating on X (formerly Twitter), prompting a broader discussion about the ethics of crypto marketing aimed at student demographics and competition between exchanges within China. Blockbeats, a Chinese-focused news platform specializing in crypto and web3, initiated this debate by calling on major trading platforms to halt bonuses for contract experience amongst college students in an article and X post. They argued these incentives induce gambling behavior among vulnerable students who lack risk awareness and robust financial management skills. 14th April 2025 marks the start of Blockbeats’ campaign, urging stakeholders to be mindful of this issue before a similar