In the grand theater of cryptocurrency, where fortunes are made and lost faster than one can say “blockchain,” the illustrious CEO of Bybit, Ben Zhou, has taken to the stage with a flourish. With a voice that could silence a room full of skeptics, he has declared Pi Network a veritable scam, a charade worthy of the finest Russian farce. His exchange, he insists, will not entertain the notion of listing such a dubious token.
As the Pi Network finds itself mired in a quagmire of controversy, the tension between Zhou and the project grows thicker than a fog on a St. Petersburg morning. He has taken it upon himself to challenge the very legitimacy of this operation, refusing to engage with what he perceives as a circus of questionable practices.
Pi Coin? Not on My Watch!
In a recent missive on the platform known as X, Zhou unleashed a torrent of criticism upon Pi Network, referencing a 2023 warning from the Chinese police that labeled it a scam. The authorities, in their infinite wisdom, pointed out that the project had allegedly targeted the elderly, exposing their personal data and leading to financial ruin, including the loss of pensions. A true tragedy, indeed!
With a wave of his hand, Zhou dismissed claims that Pi Network had turned down a listing on Bybit or that the exchange had failed a Know Your Business (KYB) check. “Falsehoods!” he proclaimed, as if he were a character in a Dostoevsky novel, challenging the very fabric of reality. He urged Pi Network to address the multitude of reports questioning its integrity, rather than resorting to what he termed “childish attacks.” Oh, the drama!
“If the project is legitimate and straight up, then you should come forth and address these reports so everyone can understand, but instead you choose to make up nonsense and engage in these juvenile skirmishes with no foundation.”
And Down Goes the Pi Token!
Ah, the Pi Network, a blockchain endeavor designed to make mining as easy as pie—if only it were that simple! Unlike Bitcoin, which demands the computational prowess of a thousand suns, Pi Coin can be mined with the mere tap of a finger on a mobile app, all while preserving the sanctity of one’s battery life. Conceived by the brilliant minds of Stanford graduates Nicolas Kokkalis and Dr. Chengdiao Fan, the Pi Network finally launched its mainnet on February 20th, after what felt like an eternity of anticipation.
Leading exchanges, such as Bitget, OKX, and MEXC, rushed to embrace its native token, Pi Coin. Even Binance, that titan of the crypto world, announced a community vote for its listing. Yet, despite this chorus of support, Pi Coin plummeted a staggering 60% in value over the course of a single day, now trading at a mere $0.67. A tragicomic twist in this unfolding drama!
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2025-02-21 09:54