ZachXBT accuses projects like LAB of ‘highly questionable price action’, posts $10,000 bounty for info on alleged market manipulation

Blockchain investigator ZachXBT has accused Vova Sadkov, the founder of the AI trading terminal project LAB, of market manipulation and has offered a $10,000 bounty for information leading to his passport or details about the market maker used for LAB on exchanges like Bitget, Bybit, Binance, and OKX. ZachXBT alleges that the LAB team coordinated massive deposits of LAB tokens to these exchanges before a significant price pump in early May. Another analyst, Specter, noted that some deposits occurred weeks in advance and linked wallets to the LAB team and Sadkov, as well as to another token, SkyAI, which ZachXBT also suspects of manipulation. ZachXBT has publicly messaged Bitget CEO Gracy Chen, accusing her of benefiting from fees generated by manipulated tokens and urging exchanges to freeze market maker profits and distribute them to victims. ZachXBT has recently been highlighting several other smaller projects with allegedly questionable price action, emphasizing the need for faster intervention by exchanges to protect retail traders from losses.

(Source：The Block)