Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially released on Thursday, citing a Chinese police warning from 2023 that alleged the project was a scam targeting elderly people, leaking their personal information and leading to the loss of their pensions.

Pi Network’s mainnet launch overshadowed by Bybit CEO’s harsh criticism. On Thursday morning, the Pi coin was officially listed on several exchanges, including OKX, Gate.io, B

Bybit CEO Ben Zhou criticized the Pi Network, calling it a scam. Zhou cited a 2023 Chinese police warning alleging the project targets the elderly.

Pi Network Sparks Industry Debate as Bybit Rejects, OKX Lists PI as the protocol eyes a listing later this month after years of development

Bybit CEO Ben Zhou calls Pi Network a scam, urging the team to address growing legitimacy concerns and market doubts