ChainCatcher news, according to Cointelegraph, Pi Network responded to Bybit CEO Ben Zhou's controversy questioning its legitimacy. Previously, an X account claiming to be the "unofficial technical team" of Pi Network stated that the project rejected Bybit's listing proposal, and Zhou subsequently accused Pi Network of being a "scam," citing warnings from Chinese authorities.Pi Network told Cointelegraph that it is not associated with the X account and confirmed that Bybit has never submitted a Know Your Business (KYB) verification request. Regarding the warning from Chinese police, Pi Network clarified that the related incident involved malicious actors impersonating the project, rather than the company itself.In response to the user count controversy, Pi Network explained that the 60 million users it promotes are app users, while the 10.8 million users shown on the blockchain explorer are the number of users who have created wallets on the mainnet.

ChainCatcher message: According to reports from CCTV News, the major economic crime suspect Zhang XX, who is suspected of organizing and leading pyramid scheme activities, has been successfully extradited back to the country from Thailand.It is understood that since 2012, the MBI group, led by the suspect Zhang XX, has been engaging in illegal pyramid scheme activities by issuing virtual digital currencies. They required participants to pay fees ranging from 700 to 245,000 RMB to obtain platform membership, using high returns as bait and counting the number of members and the amount of funds invested as a basis for compensation or rebates. The group has developed over ten million members, with involved funds exceeding 100 billion RMB.

ChainCatcher news, TokenPocket's Chief Business Officer Michael posted on platform X, stating that recently the Chinese police cracked down on a criminal gang that was impersonating the TokenPocket wallet. This gang had been long-term advertising through browsers, posting phishing links to steal users' private keys.

ChainCatcher message, the Filecoin ecosystem LSD protocol STFIL Protocol stated on platform X: "The core technology team of STFIL is under investigation by local police in China. We have learned that they have hired lawyers to understand the current situation and provide legal assistance to the detained individuals."STFIL Protocol also stated that last week, while the core technology team was detained, FIL on the STFIL platform was transferred to an unknown external address. Meanwhile, in the past few days, the protocol experienced anomalies and unplanned upgrades, with funds being transferred to other addresses. The team is actively seeking help and hopes the community can assist in tracking this unknown address and discuss how to protect the interests of stakeholders.