Key Points
- Bybit’s CEO, Ben Zhou, has doubled down on the exchange’s rejection to list PI.
- Bybit was recently surrounded by false claims about why the PI project was not listed on the exchange.
Today, the CEO of the crypto exchange Bybit, Ben Zhou, explained the platform’s decision not to list the newly launched token of the Pi Network – PI. The exchange was recently in the spotlight with false claims about why it didn’t list PI.
Bybit CEO Warns About the PI Scam
Zhou shared a post earlier today, explaining the reasons why Bybit did not want to list PI.
He shared a link to an official Chinese police warning dating from 2023. The notes reportedly claim that the project is a scam targeting elderly people which leaks their personal data and leads to the loss of their pension.
Zhou said that there are multiple other reports with claims about the project’s legitimacy.
False Claims About Bybit PI Listing, Debunked
He also said that Bybit made no listing request for the token and that the claim that PI refused Bybit listing or that the exchange did not pass some of KYB of PI is nonsense.
Zhou explained that if the project is legit, the team should come forth and address these latest reports so that everyone can understand what really happened. He said that instead of doing this, the team chose to make things up, childishly attacking Bybit without any ground.
Zhou concluded by saying that PI is a scam and the exchange will not list scams.
Recently, someone from the community close to Pi Network said that Bybit is “gradually losing its position” in crypto after PI rejected the listing on the exchange. The user also shared a photo in which Bybit is shamed by all other important exchanges in the industry.
Yesterday, the Pi Network launched the PI token and the digital asset recorded a brief surge followed by a collapse which triggered discussions in the industry.
At the moment of writing this article, PI is trading at $0.65 down by over 58% today, according to data from CoinGecko.
Bybit is focused on user transparency, unlike other crypto projects, and it’s one of the few exchanges in the crypto industry that decided to push all liquidation data.
