Pi Network is facing renewed scrutiny after Justin Bons, founder of CyberCapital, publicly branded the project a “scam.”
Bons raised concerns about the project’s technology, business model, and tokenomics, arguing that they are deeply flawed and potentially harmful to investors.
Is Pi Network a Scam? Justin Bons Thinks So
In a series of posts on X (formerly Twitter), Bons pointed out several issues with the network. He suggested that contrary to its claims of decentralization, Pi Network remains heavily centralized
source: https://beincrypto.com/pi-network-scam-justin-bons-criticism/