ZachXBT alleges 95% insider control of LAB token in investigation into AI terminal’s $6 billion FDV project
The Block
Blockchain investigator ZachXBT alleges that insiders control 95% of the LAB token supply, facilitating artificial price inflation and market manipulation.Summary
Blockchain investigator ZachXBT has released a report alleging that insiders control over 95% of the supply of the AI trading terminal token LAB. The investigation claims that founders Vova Sadkov and a partner coordinated with an unknown market maker to engineer a price pump, resulting in a $6 billion fully diluted valuation. ZachXBT highlighted concerns regarding hidden supply structures, opaque OTC deals, and unilateral changes to investor terms, urging exchanges like Bitget, Binance, and Gate to take action against these manipulative practices.
(Source：The Block)