Bybit Users Alert: Pi Network Token Dump Sparks Scam Allegations and Market Turmoil

Pi Network, once celebrated for its accessible mining model, is now under fire amid allegations of deceptive practices and a massive token dump. Recent accusations by crypto researcher "Atlas" highlight transparency and infrastructure concerns, leading to a 50% price crash. Bybit traders are advised to stay cautious as the controversy unfolds.

Pi Network Faces Scam Allegations Amid Token Dump and Exchange Backlash

Pi Network, a cryptocurrency project once touted as accessible mining for the masses, now faces severe scrutiny following allegations of deceptive practices. Crypto researcher "Atlas" recently accused the team of lacking transparency and technological infrastructure, sparking a wave of skepticism across the industry.

The controversy intensified after over 12 million Pi tokens were abruptly sold, triggering a 50% price collapse within hours. Bybit CEO Ben Zhou compounded the project’s woes by publicly denouncing Pi Coin as a scam, confirming the exchange has no plans to list it. These developments have left the network’s 35 million claimed users questioning its legitimacy.

Bybit Leads CEX Market with Exclusive Listing of Tokyo Games Token ($TGT)

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has secured a first-mover advantage in the Web3 gaming sector by listing Tokyo Games Token ($TGT). The Dubai-based platform becomes the inaugural centralized exchange to support the token, underscoring its strategic focus on blockchain gaming infrastructure.

The $TGT token powers an ecosystem backed by Japanese gaming heavyweights including Cygames, SBI Holdings, and gumi. Its flagship title, TOKYO BEAST, represents a new generation of AAA-quality blockchain games featuring AI-driven gameplay mechanics set in a futuristic Tokyo landscape.