{"id":151558,"date":"2025-02-22T21:00:00","date_gmt":"2025-02-22T19:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151558"},"modified":"2025-02-22T19:45:01","modified_gmt":"2025-02-22T17:45:01","slug":"pi-network-pushes-back-against-bybit-ceos-fraud-allegations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pi-network-pushes-back-against-bybit-ceos-fraud-allegations\/","title":{"rendered":"Pi Network Pushes Back Against Bybit CEO\u2019s Fraud Allegations"},"content":{"rendered":"<p data-start=\"0\" data-end=\"277\">Zhou\u2019s comments followed heated online debates, with some users accusing Pi Network of being misleading.<\/p>\n<p data-start=\"279\" data-end=\"754\">In their statement, Pi Network\u2019s developers clarified that the controversy stemmed from a social media post unrelated to their platform. They emphasized that online discussions can often create confusion and reiterated their commitment to transparency.<\/p>\n<p data-start=\"279\" data-end=\"754\">The team also addressed a warning from Chinese authorities regarding fraudulent actors misusing the Pi Network name. They asserted that they had no involvement in the matter and had not been contacted by law enforcement.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-151436\" href=\"https:\/\/cryptodnes.bg\/en\/altcoin-season-takes-a-new-turn-as-stablecoins-drive-gains-says-cryptoquant-ceo\/\" title=\"Altcoin Season Takes a New Turn as Stablecoins Drive Gains, Says CryptoQuant CEO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/08\/photo_2023-08-28_16-34-10-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Altcoin Season Takes a New Turn as Stablecoins Drive Gains, Says CryptoQuant CEO<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p data-start=\"756\" data-end=\"1059\">Pi Network further distanced itself from Bybit and its CEO, denying any affiliation and stating that they had not undergone Know Your Business (KYB) verification for the exchange. Highlighting their six-year development and a user base exceeding 60 million, the team defended the project\u2019s legitimacy.<\/p>\n<p data-start=\"1061\" data-end=\"1340\">They also disavowed a social media account that had reportedly criticized Zhou, stating that neither Pi Network nor its representatives were responsible for the comments. While facing ongoing skepticism, the team has refrained from engaging in disputes regarding Bybit or Zhou.<\/p>\n<p data-start=\"1342\" data-end=\"1437\" data-is-last-node=\"\" data-is-only-node=\"\">Despite their defense, accusations persist, with Zhou categorically labeling Pi Network a scam.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind Pi Network has responded to recent remarks from Bybit CEO Ben Zhou, who dismissed the project\u2019s legitimacy and ruled out a future listing on the exchange.<\/p>\n","protected":false},"author":3,"featured_media":150449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"coin_category":[],"class_list":["post-151558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized 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