Pi Network denies scam allegations made by Bybit CEO, token price surges to all-time high

From Cointelegraph

February 28, 2025 04:39:21 AM:

Pi Network faced controversy after Bybit CEO Ben Zhou accused the project of being a scam. Zhou challenged Pi Network to prove its legitimacy, stating Bybit had not submitted a listing request. Pi Network denied any relationship with Bybit and clarified they had not been asked to verify Bybit. Pi Network’s token price fluctuated but surged to an all-time high after Zhou’s comments. Pi Network addressed Chinese police warnings and user count criticisms, stating they were not involved in any fraudulent activity and clarifying their user numbers.

Read more at Cointelegraph: Pi Network responds to Bybit CEO’s scam allegations