Pi Network has issued a definitive statement in response to allegations raised by Bybit CEO Ben Zhou regarding the project’s legitimacy. The response comes amidst a period of significant activity for Pi Network, including its launch of the Open Network and listings on prominent cryptocurrency exchanges. Here’s a breakdown of the key developments**: Zhou had previously made public claims about Pi Network on social media, citing concerns related to Chinese police warnings. Pi Network swiftly clarified that these warnings were in fact about fraudulent imitations, not about the project itself. The statement also emphasized that Pi Network has no connection with Bybit, and distinguishes itself from other exchanges such as OKX and Bitget, by not requiring KYC processes. Further Details**: This official response addresses several key points: * **No Connection with Zhou or Bybit:** Pi Network clarifies there is no affiliation with the Bybit CEO, unlike certain exchange relationships.* **Independent Operation**: Unlike other exchanges, Bybit has never requested a KYC process from Pi Network.* **Social Media Post:** The social media post attacking Bybit that Zhou responded to was orchestrated by an individual unaffiliated with Pi Network.* **Positive Response:** Pi Network emphasizes it does not support any negative comments about Bybit or Zhou.* **Addressing the Claims**: Pi Network highlights several facts to refute accusations of being a scam: The project is six years old, boasts over 60 million users, and is facing challenges against scammers. New Safety Guidelines**: In light of recent concerns, Pi Network has released new safety guidelines for its users, outlining official communication channels, warnings about unofficial platforms, and legal action against scammers.* **Looking Ahead**: Pi Network’s response comes at a crucial moment as the project launches its Open Network and enters a significant growth phase. Analysis**: The controversy surrounding Pi Network presents challenges for the crypto industry. A measured response by the project, coupled with their recent exchange listings, may help build trust in the long run. This incident highlights the importance of clear communication and proactive actions to ensure user protection and reputation.**