Key Takeaways:
On-chain sleuth ZachXBT has accused Vova Sadkov, founder of the AI trading terminal project LAB, of orchestrating market manipulation on at least four centralized exchanges. The allegations surfaced after a period of "highly questionable price action" that ZachXBT claims harmed retail investors, prompting him to offer a $10,000 bounty for information.
"These grifters are further hurting the industry reputation and it must not go unpunished," ZachXBT said in a post on X, escalating the matter after a private message to the LAB team went unanswered. "War time mode."
The bounty specifically seeks the passport or ID of the founder, along with insider details of the market maker used for LAB token trading. The listed exchanges include Bitget for spot trading and Bybit, Binance, and OKX for perpetual futures. Other on-chain analysts, such as Specter, have supported the claims, pointing to gas fees that link wallets allegedly controlled by the LAB team to large token deposits made weeks before the price surge.
This incident is part of a broader campaign by ZachXBT to highlight manipulation in the crypto markets. He has previously called out questionable price movements in other tokens like RAVE, SIREN, and MYX, urging exchanges to improve their detection and intervention processes. "Exchanges need to freeze MM profits / distribute to users (victims) when these games happen," he argued, stating platforms should not rely on public callouts while they collect fees from the manipulated volume.
This article is for informational purposes only and does not constitute investment advice.
