Bybit CEO Speaks Out Against Pi Network, Warning of Potential Scam
The token is down by more than 60% since launch.
The CEO of Bybit has publicly labeled Pi Network as a potential scam, citing an official police warning highlighting concerns about the digital token's legitimacy and safety.
The statement comes as Pi Network experiences a sharp decline in value, with the token plummeting by more than 60% since its launch.
Bybit, a prominent cryptocurrency exchange, has raised red flags about Pi Network's operations, urging investors to approach with caution.
Despite Pi Network's ambitious vision of creating a decentralized digital currency, skepticism looms over its reliability and authenticity.
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