Pi Community Fights Again In opposition to Rip-off Accusations

The controversy started on February 20 when an X account claiming to be Pi Community’s “unofficial technical workforce” alleged that Bybit had requested to listing Pi however was denied. The identical publish advised that Bybit was struggling to keep up its market place.

Zhou dismissed the declare, stating that Bybit by no means approached Pi Community for an inventory. He went additional, calling the mission a rip-off and referencing a 2023 report from Chinese language authorities warning about fraudulent actions concentrating on older people.

Zhou made it clear that Bybit had no intention of itemizing Pi and challenged the mission to show its legitimacy.

In response, Pi Community acknowledged that the Chinese language police warnings Zhou cited had nothing to do with the corporate itself. As an alternative, the stories had been about unhealthy actors falsely utilizing Pi Community’s identify. The corporate clarified that it had no involvement within the incidents talked about and had by no means been contacted by authorities concerning them.

Pi Community additionally addressed criticism about its consumer base. Whereas some critics level to blockchain knowledge exhibiting solely 10.8 million wallets, the corporate defined that this determine represents customers who’ve accomplished pockets setup, not the full consumer base.

Moreover, Pi Community clarified that its reported 60 million engaged customers discuss with app customers, and downloads on Google Play had surpassed 100 million.

In the meantime, Argentina’s President Javier Milei just lately denied claims that he endorsed the LIBRA token. What did he say about it? Learn the total story.