The cryptocurrency world has seen what looks like a power struggle between Bybit CEO Ben Zhou and the growing Pi Network community. Zhou hasn’t minced words about Pi Network, calling it a scam and citing Chinese police warnings about its allegedly opaque operations.
He’s firmly against listing Pi on his exchange, claiming it targets less-informed investors and operates like a Ponzi scheme. Pi Network, for its part, strongly rejects these accusations and insists it has no ties to fraudulent activities.
Pi81Mall points out that this conflict boils down to competition and fear. Since Pi got listed on major exchanges, platforms including OKX, Bitget, MEXC, and Gate.io have seen remarkable increases in traffic, trading volume, and new user signups. This growth directly threatens Bybit’s standing as the second-largest exchange on CoinMarketCap, creating a competitive dynamic that’s impossible to ignore.
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Control of the Crypto Narrative
As Pi Network gains momentum and shifts market dynamics, Pi81Mall suggests Zhou is trying to control the narrative. Rather than watching Pi dominate headlines and drive users to competitor platforms, he’s chosen to publicly criticize the network. This looks like a calculated PR strategy to redirect attention back to Bybit in a rapidly evolving market landscape.
The Pi Network community sees a pattern in Zhou’s behavior. Pi81Mall claims the Bybit CEO regularly makes controversial statements simply to stay relevant in the crypto conversation. Instead of competing through innovation and service improvements, they argue he’s using classic FUD tactics—spreading Fear, Uncertainty, and Doubt—to slow Pi Network’s growing influence in the market.
The Value of Pi Network’s User Base
With a community exceeding 60 million users, Pi Network has one of the largest and most engaged followings in crypto. Pi81Mall believes Bybit recognizes this massive user base as a valuable asset they can’t afford to miss out on. Some speculate that Zhou’s public attacks might even be an attempt to pressure Pi Network into listing on Bybit—but on his terms, not theirs.
Read Also: Can Pi Coin Price Reach $10 in 2025? Here’s What Investors Think
This conflict isn’t happening because Pi Network is weak—according to Pi81Mall, it’s happening precisely because Pi coin is winning. While Bybit tries to defend its market position through criticism, Pi Network continues to expand its footprint, putting increasing pressure on the exchange.
The question remains: Will Bybit eventually reverse course and seek to list Pi token, or continue what Pi supporters see as a losing battle against the network’s growing influence?
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