RAVE Pump-and-Dump Allegations Spark $25,000 Bounty and Exchange Pressure
BeInCrypto
On-chain investigator ZachXBT is offering a $25,000 bounty to expose a suspected RAVE token pump-and-dump scheme involving major cryptocurrency exchanges.Summary
On-chain investigator ZachXBT has accused insiders of executing a coordinated pump-and-dump scheme for the RaveDAO (RAVE) token, alleging they controlled over 90% of the supply. The manipulation allegedly triggered forced liquidations, causing a massive price surge followed by a sharp correction. ZachXBT has launched a $25,000 bounty to incentivize whistleblowers and is pressuring exchanges like Binance, Bitget, and Gate to conduct internal investigations. Bitget's CEO, Gracy Chen, has acknowledged the report and initiated an investigation into the claims.
(Source：BeInCrypto)