News View Non-AMP

Bybit CEO Ben Zhou Rejects Pi Network Listing, Calls It a Big Scam!

Published by
Mustafa Mulla

With just one day after the official Launch of the Pi Network mainnet, things are taking a bad turn for the Pi community. bybit CEO Ben Zhou, who previously stated that Bybit has no plans to list the Pi coin, has now called it a Big scam. He made it clear that Bybit will not list scams. 

Meanwhile, the Pi Network token price is already struggling after its launch, with the Pi coin’s price dropping below $1, marking a 100% decline.

Ben Zhou Rejects Pi Network

The launch of Pi Network on February 20 has sparked excitement among its community, as supporters eagerly await its listing on major crypto exchanges. Perhaps, not all platforms are open to the idea.

A week ago, Ben Zhou shared on X that he was invited to join Pi Network but turned it down, calling the offer “ridiculous.” He explained that during his time in forex trading, he often dealt with people trying to get their money back, and he wanted to avoid such issues in the crypto world. 

His remarks made it clear that he did not trust the project and preferred to stay away from it.

His strong rejection of the Pi Network led to backlash from the Pi community supporters, with some accusing Bybit of losing relevance in the crypto industry. 

Others claimed that Bybit had applied to list Pi but was rejected. However, Zhou quickly denied these allegations and set the record straight.

Ben Challenges Pi Network on Scam Claims

In response to the criticism, Ben Zhou did not hold back. He pointed to an official warning from the Chinese police issued in 2023, which classified Pi Network as a SCAM

According to the warning, Pi Network targeted elderly people, collecting their personal data and causing financial losses, including their pensions. He also highlighted multiple other reports questioning the project’s legitimacy.

Additionally, Zhou dismissed claims that Bybit had applied for a listing and was rejected by Pi Network. He called these statements baseless and urged Pi Network’s team to address the scam allegations openly instead of attacking critics.

No Place for Scams on Bybit

Zhou made his final stance clear, stating, “Yes, I still think you are a scam, and no, Bybit will not list scams.” His strong words reinforce Bybit’s commitment to avoiding questionable projects and maintaining its credibility in the crypto industry. 

As the Pi Network community continues to push for legitimacy, it remains to be seen how other exchanges will respond.

FAQs

How Many Exchanges Have Listed Pi Coin?

Currently, OKX, MEXC, and Bitget have officially listed Pi Coin for trading. Other major exchanges, including Binance, have not yet confirmed their listings for Pi Coin​

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Strategy Announces Plan to Raise $2.1B to Strengthen Bitcoin Holdings: BTC Price Hits New ATH

Strategy faces a class action lawsuit from the U.S. SEC for allegedly misleading investors on…

May 23, 2025

Best Crypto to Buy Now Before Dogecoin Hits $1.25

Crypto analyst Kevin identifies Dogecoin as having "one of the nicest charts, if not the…

May 22, 2025

Wall Street Ponke and Solaxy Compete for the Spotlight as XRP Gains Momentum

Solaxy Is Trending, But Is It Solana’s Game-Changer? Solaxy is gaining attention fast. The project…

May 22, 2025

XRP News: Crypto Investors Rush To XpFinance’s Presale As Over 20% Of Soft Cap Filled, Set To Release Lending & Borrowing Protocol Demo Next Week

Imagine an XRP ecosystem where decentralized finance is genuinely decentralized, transparent, and powered by users,…

May 22, 2025

Floki Minibot M1 Presale: A Potential Game Changer For Floki Price

In recent times, FLOKI is increasingly seen as more than just a meme coin due…

May 22, 2025

Investors Who Bought into Forbes’ 1700% Shiba Inu Prediction Cut Their Losses as the Meme Coin Tumbles, What’s Next?

Shiba Inu’s recent price correction has left early investors reevaluating their positions. After Forbes projected…

May 22, 2025