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ZachXBT Accuses LAB Project of Market Manipulation With 95% Tokens Allegedly Under Control

GateNews
Enforcement ActionsSecurity Incidents
LAB-15.31%
ON-3.62%
MAY47.26%
IN-4.57%

According to BlockBeats on May 14, blockchain investigator ZachXBT accused the LAB project of market manipulation in a detailed report. The LAB token reached a $6 billion fully diluted valuation amid alleged opacity, with insiders believed to control over 95% of the circulating tokens without retail investor disclosure. ZachXBT highlighted alleged misconduct including unilateral changes to lock-up periods from three months to nine months, mixed project and personal funds, and insider token withdrawals worth hundreds of millions of dollars from exchanges. ZachXBT called on trading platforms to conduct a thorough investigation and consider delisting or freezing related assets.

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Comment
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LearningInProgressvip
· 05-14 13:09
Just charge forward 👊
View OriginalReply0