CEO by BITIT accuses the PI network that the scam, states Chinese police application

The PI Network was accused of being a fraud by the executive director of Bibit Ben Zhou, bringing police notice from 2023. year that calls it “by the elderly.”

In a recent mailCobit Co-Founder and General Manager Ben Zhou answered the request made by unofficial PI (Write) A technical team account that claims that the CRIPTO exchange “rejected PI” on the list on its exchanges. The PI Network is a project that allows users to crypt mine cryptocurrency via mobile app.

“Bibit did not apply for Pi and the claim that Pi rejected a list or Bibit did not pass some kind of KIB PIs,” Zhou said in his post.

Zhou relyed that the Chinese police report was released in 2023. years, warning citizens about virtual cheating aged older older schemes “becomes a rich overnight” scheme they performed to be connected to the PI network.

“Many criminals use the” π coin “to claim that I can download the app on my mobile phones free. They also extend the victim’s group claiming that they can” recommend the rebate “by developing good guesthouses, reselling user personal data to deceive older older pensions, “the Vuki Bureau for public safety was written in translated notice.

The report says that fraudsters used free prizes and gifts to lure the victims who want to gain a small profit by the prevailing app and promising their small amount of PI tokens as a gift.

“They expand the group of victims by rewarding people to recruit more people, reselling personal information of users and deceive victims of their money,” said the police bureau.

Zhou has used article as a basis for his claims, confirming his CRIPTO Exchange would not see the PI network in the foreseeable future, unlike other major exchanges such as Ok and Bitget. Even Stage has begun to test water by holding a Community voting about whether the exchange should state the PI network.

To an interview With Cripto.Nevs, Pi Netvorske co-founder Dr Nicolas Kokkalis and Chengdiao fan worked on the PI Network and Mining Mechanism shortly after starting the project project.

They explained that their goal is to ensure that Pi remains stable providing fair and wide distribution of tokens while facilitating the use in the real world. To ensure security online, they conduct actions such as security laps, PI applications based on utility companies, performed nodes and other precautions.

In addition, PI users, known as pioneers, must be subjected to the identity verification process before they can get PI.

PI Network warns users of potential fraud and bad actors

In x mail They shared a few days before launching on Main Network, PI Network warned users of “potential bad actors and activities, fraud and individuals to represent others” who claim to be associated with the project.

“Neither Pi Network, nor anyone connected to the PI network, has any affiliation by any parties organizing or engaging in such illegal or harmful activities to our customers or community,” PI network wrote in their post.

The account explained that any activities that require users to pay for compensation, as well as actors that make up “wrong promises of monetary prizes or future profits or MLMs (MLM-MLJI-market)” do not approve the PI network. The protocol also invites their followers to check their official site For information on how to protect your PI accounts and wallets.

At the time of writing, Pi Token reduced more than 50% in the last 24 hours. Pi currently trades of $ 0.65. The token maintained the volume of $ 1.2 billion in the past day.