Ben Chu, Benbit CEO, shared a warning against China’s law enforcement officials, describing the PI as a fraud. PI made the largest air on the date of encryption today, but despite the noise, it still has bitter opponents.
Description of the PI warning using a very harsh language, describing it as a “hierarchical scheme” that uses the elderly as “hunting targets”. If the project collapses in the future, it may have repercussions on the policy of encryption in China.
Beit is still firm against PI narration
Pi Network, one of the most ambitious Blockchain projects, launched a long -awaited Mainnet today. Soon it became the most valuable air parties in the date of encryption, with $ 12.6 billion of distinctive symbols.
However, the project still has important critics, as an executive by Ben Zhou CEO subscriber 2023 warning against PI against law in China:
“Many PI criminals use to claim that they can interrupt for free once you download an application on their mobile phones. They also give lectures for the elderly, and expand the group of victims by claiming that they can“ recommend discounts ” Claim.
Zhou transferred this warning to show that China has long doubts regarding the PI network. Bybit is one of the world’s main codes, and Zhou wished to justify the reason for his company’s interest in inserting PI.
He also participated in response to PI fans who made fun of him, saying the strongly his personal belief that PI is a fraud.
Bybit is not the only exchange that this controversy involves. When OKX claimed that he might tell PI, users strongly reminded that China might take a crime.
These criticisms also appeared when Binance launched a community vote to decide on the distinctive symbol list. Currently, the Binance community greatly supports the inclusion of the distinctive symbol, but many of them are against it.
Despite the overwhelming vote in favor. In short, PI Network may have a strong momentum, but also has dedicated opponents.
One of the main criticisms against the PI network is how it can affect China’s position in the encryption industry. The warning 2023 described the project as a pyramid outline targeting the elderly, repeatedly using a very harsh language to describe the distinguished symbol promoters.
China has shown some signs of warming to encryption, but a big scandal can seriously harm progress.
Although Intensive criticism from China, PI still have enthusiastic defenders. Bybit may have a zero interest In his narration, but there are a lot of opportunities to buy it elsewhere.
The PI was launched earlier today at about $ 1.24, and has now decreased by approximately 50 %.
Disintegration
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