Back

ZachXBT Accuses LAB Founder of CEX Market Manipulation

According to PANews, ZachXBT said he is seeking evidence on alleged LAB market manipulation across Bitget, Bybit, Binance, and OKX, while also criticizing Bitget over missing RAVE investigation updates.

Fact Check
ZachXBT's own X post (status/2052341758600863747) directly confirms the accusation against the LAB founder for CEX market manipulation. The PANews article (019e0242) confirms the RAVE criticism directed at Bitget and the mention of Bybit, Binance, and OKX perpetual contracts. RootData independently corroborates the story. The claim accurately reflects ZachXBT's public statements, with the minor nuance that Bybit, Binance, and OKX are mentioned in the context of perpetual contract exposure rather than direct spot manipulation - but the claim's framing of 'seeking evidence across' those exchanges is consistent with the source material. The RAVE investigation criticism is also confirmed. No conflicting evidence was found.
Summary

Blockchain investigator ZachXBT accused LAB founder vsadkovv and LABtrade_ of manipulating the LAB token through concentrated holdings, repeated pump-and-dump activity, and possible spot-market manipulation on centralized exchanges. He later announced a $10,000 bounty for insider evidence involving market makers on Bitget, Bybit, Binance, and OKX, as well as identity information tied to vsadkovv. ZachXBT also publicly criticized Bitget for what he described as a lack of updates on the RAVE investigation. No response from Bitget, LABtrade_, or vsadkovv was included in the provided content.

Terms & Concepts
  • Pump-and-dump: A scheme in which a token’s price is artificially driven up and then sold off, often causing losses for later buyers.
  • Market manipulation: Trading behavior intended to distort an asset’s price or market activity, often through coordinated or deceptive transactions.
  • On-chain investigator: An analyst who tracks blockchain transactions and related market activity to identify wallet flows, suspicious behavior, or entity links.