Pi Network's official statement clarifies false accusations

Recently, Pi Network issued an official statement regarding the recent false information on social media, clearly denying any connection with the fraud activities reported by the police in a certain place in China. According to the announcement, the involved fraud gang used the name of Pi Network to carry out illegal fundraising, but the project party was not authorized, did not participate, and was never required by the police to cooperate with the investigation. The official emphasized that as a compliance blockchain platform with 60 million active users, it always puts community governance and compliance development first. The six-year technology development cycle aims to build a complete ecosystem to avoid common industry risks.

 

Regarding the rumors about "Pi Network and Bybit" circulating on the internet, the announcement clearly states that the project party has no business cooperation or affiliation with Bybit and its CEO Ben Zhou. The Pi Network legal team has initiated the accountability process for counterfeit accounts and once again declares that they have never commented on Bybit and its management through any channels.