tl;dr
Bybit CEO Ben Zhou warned about Pi Network, calling it a scam and a pyramid scheme that targets the elderly. Despite a record-breaking airdrop, Pi Network faces strong opposition, with Bybit refusing to list it. Zhou's warning reflects China's suspicions about Pi, impacting its potential listing on ...
Bybit CEO Warns Against Pi Network Listing Due to China's Scam Label
Bybit CEO Ben Zhou warns against listing Pi Network due to China's law enforcement officials labeling it a scam. Pi's mainnet launch becomes the largest airdrop in crypto history but faces strong opposition and scrutiny.
Binance Community Divided Over Pi Network Listing
Binance faces community division over listing Pi Network amidst warnings of it being a pyramid scheme and potential impact on China's crypto policy. Despite a record-breaking airdrop, Pi Network faces strong opposition, with Bybit refusing to list it.
China's Impact on Pi Network's Future and Crypto Policy
Bybit CEO Ben Zhou's warning reflects China's suspicions about Pi, impacting its potential listing on other exchanges like OKX and Binance. The project's future and China's crypto policy could be affected by these controversies.
China's Warning and Pi Network's Defense
Zhou shared a 2023 warning from China's law enforcement officials, characterizing Pi Network as a scam and a pyramid scheme targeting the elderly. Despite fervent defenders, Pi Network's critics and China's stance pose significant challenges.
Binance Community Vote and China's Stance on Crypto
Binance faces a community vote to decide on listing Pi Network, sparking division within its community. The potential impact of Pi Network on China's crypto policy raises concerns amidst its fervent defenders and opponents.
Impact on China's Stance on Crypto Industry
One of the key criticisms against Pi Network is how it might impact China's stance on the crypto industry. China's suspicions and intense criticism could seriously harm the project despite its fervent defenders.
Pi Network's Market Performance
Pi launched earlier today at a price of around $1.24, and it's currently down nearly 50%. Despite Bybit's lack of interest in listing it, there are still opportunities to purchase it elsewhere.
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