The launch of Pi Community took place on 20 February, with many people saw it as an important step, but now a controversy has arisen over this project. Bybit’s CEO, Ben Zhou made a very controversial comment, calling the Pi Community and its Pi Coin as a scam. This news cooled the enthusiasm of the supporters of PI Community and now the project has come under the purview of investigation again.
However, this news came in the market when Pi Community itself Pretended pi coin rip-off Alert was issued to his users regarding. But the CEO of Bybit has called the entire Pi Challenge a scam in its tweet.
Bybit CEO’s PI Community accused
Supporters of the Pi Community were celebrating the successful launch of his mainnet on Friday, and at the same time the Pi Coin List on many major exchanges was also considered an important step. However, a day later, bybit’s CEO Ben Zhou made serious allegations on Twitter about the PI community. He said in a tweet that Pi Coin was declared as a scam under a police warning by Chinese authorities in 2023. Zhou also reported that the project had targeted the elderly, leaking their personal information and damaging their pension.
Ben Zhou negatively imposed the Pi Community, saying that bybit did not make any request for the listing of Pi Coin and claimed that the Pi Community claims that bybit rejected it or he failed KYB, There is a kind of nonsense. He further strengthened the allegation, saying that Pi Community should talk on these issues with transparency, rather than implanting ‘children’ allegations. Zhou clearly stated in his post that he finds Pi coin a scam and bybit has refused to list it.
Pi coin’s current status and market impact
However, despite the allegations of Bybit CEO against Pi Community, Pi Coin has maintained its position on various exchanges. According to the information one, Pi Coin List on Okx, Bitget and Coindcx has been done on 9 exchanges. Currently Pi Coin on Coinmarketcap is trading around $ 0.63 per token, although its price fluctuations are being seen. Both supporters and critics of PI Community are expressing mixed opinions about its future. Some people are expecting its possible growth, considering it as a great project, while many others are looking at it with suspicion given the ambiguity of the project and its previous history.
still, Pi communication mainnet inauration And its listing on major exchanges gives it a certain recognition, but due to major personality and other official warnings such as Zhou, there is a feeling of doubt towards it.
Conclusion
There has been a new stir in the market regarding the launch of Pi Community and the list of subsequent listing, but the allegations of Bybit’s CEO Ben Zhou have again put the project in the circle of questions. Pi Community will now have to answer these allegations and show what his project and tokens are in reality. If Pi Community maintains its transparency and responds properly to these doubts, it can make its place in Crypto Community. However, by this time it is difficult to say whether Pi Coin will be able to acquire confidence among its supporters.
