Bybit vs. Pi Network: No Bybit Listing as Ben Zhou Calls Pi a Scam
In February 2025, a clash broke out between Bybit CEO Ben Zhou and the Pi Network community over claims made by an unofficial Pi-affiliated X account. The account alleged that Pi had rejected a listing request from Bybit, suggesting the exchange was losing ground. Within hours, Zhou fired back with a bold accusation—calling Pi Network a scam—and the controversy exploded across crypto social media.
Bybit denied ever attempting to list Pi, while Zhou cited a 2023 Chinese police warning about scammers misusing the Pi name to target elderly citizens. Pi Network responded swiftly, stating that the account was unaffiliated, and clarified that no Know Your Business (KYB) request had been received from Bybit. They emphasized that the scam warning was aimed at impersonators, not the official project itself.
The fallout from the public feud caused massive volatility in Pi’s price—but also sparked broader conversations about crypto accountability, misinformation, and market manipulation.
Key Highlights:
- Unofficial Pi account claimed Bybit was denied a listing
- Bybit CEO Ben Zhou denied the claim and called Pi a scam
- Zhou cited a 2023 Chinese warning about Pi impersonators
- Pi Network denied affiliation with the X account and dismissed the scam label
- Price impact: Pi dropped from $1.84 to $0.61, then rebounded to $2.99 within six days
The incident highlights how quickly unverified narratives can fuel public disputes, trigger price swings, and stir controversy—especially in a space as reactive as crypto.
Read the full article here: https://freecoins24.io/bybit-ceo-pi-network-listing-controversy/