Pi Network told Cointelegraph that a Chinese police report was directed at bad actors impersonating the project.
Pi Network has responded to a controversy triggered by a post from Bybit CEO Ben Zhou challenging the project’s legitimacy and accusing it of being a scam.
On Feb. 20, an X account describing itself as the “unofficial technical team” of Pi Network alleged that the project had rejected a listing offer from the crypto exchange and that Bybit was “losing its position” in the market.
Responding to the provocation, Zhou accused Pi Network of being a “scam,” citing a 2023 report from Chinese authorities warning users of a project targeting the elderly. “Yes, I still think you are a scam, and no, Bybit will not list scam,” Zhou wrote.
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