Bybit Calls Pi a Scam, Now Hacked! Is This Karma or Pi’s Payback?

Bybit Hack Sparks Debate: Is This Payback from the Pi Network?

Bybit Hacked News: $1.5 Billion Stolen – Did Karma Hit After Pi Network Snub?

Bybit called Pi Network a scam, but now Bybit is in big trouble after hackers stole $1.5 billion. Is this karma? Let’s break it down.

Bybit Hacked: $1.5 Billion in Ethereum Gone

In a shocking Bybit hacked incident, the exchange confirmed that hackers stole a massive $1.5 billion worth of Ethereum from ByBit. This was taken from Bybit’s cold wallet, which is supposed to be super secure. Around 70% of Bybit’s Ethereum was wiped out in this huge crypto hack.

People are now asking: How did this happen? The Bybit Ethereum news is everywhere, and many users feel scared about using the exchange.

Bybit CEO Ben Zhou, who recently talked about how safe Bybit is, now faces serious questions about the exchange's security.

“Is This Karma?” – Pi Network Fans React

Before the Bybit hacked news broke, Bybit CEO Ben Zhou had called Pi Network a scam and refused to list $Pi on the platform. But now that Bybit has been hacked, many Pi Network fans say this is karma coming back.

Here’s what people are saying:

• “Bybit trashed $Pi and now lost $1.5B. Karma’s real. #BybitHackedNews #PiNetwork”

• “Bybit CEO was too busy calling Pi a scam to protect his exchange. Look what happened!”

The Pi Network community is filled with jokes and memes about the situation, making fun of Bybit for this massive failure.

Is Pi Network Behind the Bybit Hack? Rumors Fly

After the Bybit hacked news spread, some people started crazy rumors. One big question: Is Pi Network behind the Bybit hack?

There’s no proof of this, but some people love to spread wild theories. The Pi Core Team quickly made a statement:
“Pi Network has nothing to do with the Bybit hack. We strongly stand against any illegal activity.”

They also confirmed that they’ve never said anything bad about Bybit or Bybit CEO Ben Zhou, even though fake social media posts claimed they did.

Pi Network Official Clarification

• A police warning in China was about scammers falsely claiming to be part of Pi Network. We have no connection to them and were not contacted by the police.

• Pi Network has no relationship with Bybit or its CEO, Ben Zhou, and hasn’t been asked to complete KYB for Bybit.

• Pi Network is a legitimate platform with over six years of development and 60 million users. We condemn any bad actors misusing our name.

• We are not linked to the social media account that attacked Mr. Zhou and have never commented on Bybit or Ben Zhou.

Bybit’s Image Ruined After Cold Wallet Breach

The Bybit hacked news has badly hurt Bybit’s reputation. A cold wallet is supposed to be safe from hacks, but somehow, hackers got in. Even though Bybit says they have 1:1 reserves, users are worried. Some think Bybit might list more low-quality coins or push for a Bybit Pi listing just to make extra money and cover the losses.

Pi Network Looks Strong While Bybit Struggles

As Bybit faces this huge problem, Pi Network is looking stronger even after Pi's price volatility. Pi has focused on security, KYC compliance (verifying user identities), and protecting users.

Many people are now asking: Is Pi listed on Bybit? The answer is still no, especially after Bybit refused earlier. But with Bybit’s image damaged, some wonder if there could be a future Pi Bybit news update.

Security Matters in Crypto

The Bybit hacked news is a huge wake-up call for the whole crypto world. If a big exchange like Bybit can lose $1.5 billion in an ETH hack, then no one is fully safe.

For Pi Network, this situation shows why security is so important. For Bybit, things are looking rough, and many users are leaving the platform.

The crypto community is left wondering — Who’s behind the ByBit hack?