Pi Network was under the spotlight after its main launch and its recent comments from the CEO of Bybit, Ben Zhou, calling Pi Coin a large scam. Meanwhile, taking a solid position against such allegations Pi network Recently, advanced to erase misunderstandings. Since then, the price of PI Coin has jumped by 20%, now occurs around $ 0.77.
Allegation of the CEO of Bybit
Recent controversy stems from Ben Zhou’s commentsWho underlined a warning in 2023 from the Chinese police who qualified Pi Network a scam. The police said that the PI network had targeted the elderly, collected their data and caused financial losses, including their pensions.
In addition, Zhou also denied complaints concerning the Bybit and PI network. He said that it is not true that Bybit did not ask to list Pi or that Pi refused bybit
Pi Netowk rejects all complaints
In response to this allegation, Pi Network explained that a local police service in China had issued a warning concerning the crooks pretending to be part of the Pi Network project.
However, the PI team clearly indicated that he had no connection with these bad actors and was never contacted by the police regarding this problem. They also strongly reject all fraudulent activities carried out on their behalf.
In addition, Pi Network also said they had no relationship with Bybit or Ben Zhou. They even confirmed that they had not been invited to verify Bybit’s affairs in any way.
Pi Network has been developing for six years and has built a solid community of more than 60 million users. The team explained that she had taken her time to create a solid project before going entirely.
Pi Coin increases by 20%
After the PI network response, Pi Coin Prix Given a 20% recovery After initially dropped by 50% due to a high sale pressure and the negative impact of the CEO of bybit’s CEO, the labeling a scam.
However, Pi Coin has experienced significant volatility since its main launch. It started to negotiate at $ 1.50 but quickly dropped by 55%, reaching approximately $ 0.70.
Perhaps, he has since shown a certain recovery, currently negotiating at around $ 0.77, reflecting an increase of 14% compared to his recent hollow.
