Bybit CEO: Pi Network project is a fraud

Ben Zhou, co-founder and CEO of global cryptocurrency exchange Bybit, outlined via X that he thinks that the Pi Network (PI) is a fraud, and on that basis, Bybit will not list the PI token. Zhou referred to a warning regarding fraud issued by the Chinese police in 2023 in respect of the project. Zhou added that there have also been numerous reports questioning the legitimacy of the project. He asserted that if the project is legitimate, it should state its position on these reports and tell the truth instead of making baseless attacks.