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Coin Edition 2025-02-21 06:00:00

Pi Network Under Fire: Bybit CEO Calls Scam, China Issues Warning

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. 1. Here is a official police warning of $Pi from Chinese police back in 2023 warning to the public that it’s a scam targeted towards elderly folks https://t.co/LaGJqXSOXR which leaks their personal data and loss of their pension. There are multiple other reports out there… https://t.co/gkEu2wZwfo — Ben Zhou (@benbybit) February 20, 2025 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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