{"id":72400,"date":"2026-05-12T11:54:39","date_gmt":"2026-05-12T11:54:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zachxbt-names-bitgets-real-boss-warns-escalation-against-chinese-cex-cartel-is-coming\/"},"modified":"2026-05-12T11:54:39","modified_gmt":"2026-05-12T11:54:39","slug":"zachxbt-names-bitgets-real-boss-warns-escalation-against-chinese-cex-cartel-is-coming","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zachxbt-names-bitgets-real-boss-warns-escalation-against-chinese-cex-cartel-is-coming\/","title":{"rendered":"ZachXBT Names Bitget&#8217;s Real Boss, Warns Escalation Against Chinese CEX &#8216;Cartel&#8217; Is Coming"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ZachXBT named Bitget founder Shawn Liu as the platform\u2019s actual leader, relegating current CEO Gracy Chen to a figurehead role.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">He also warned of an imminent escalation against the \u201cChinese CEX cartel\u201d in the near future.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Neither Bitget nor Shawn Liu has publicly responded to ZachXBT\u2019s allegations at press time.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Turning The Spotlight on Bitget\u2019s Shadow Operator<\/span><\/h2>\n<p><span style=\"font-weight:400\">ZachXBT has escalated his long-running critique of Bitget even further, naming the firm\u2019s founder, Shawn Liu, as its <a href=\"https:\/\/x.com\/zachxbt\/status\/2054049210086109449\" target=\"_blank\" rel=\"noopener noreferrer\">real behind-the-scenes operator<\/a>. He alleges Liu has enabled scam and manipulation activity on the platform for years, highlighting: \u201cS<\/span><span style=\"font-weight:400\">hawn Liu is the Bitget big boss who allows these scams to operate behind the scenes while Gracy Chen is only the face of it. The Chinese <span>CEX<\/span> cartel has gone unchallenged for years and doesn\u2019t care as long as they benefit from the activity.\u201d<\/span><\/p>\n<p><span style=\"font-weight:400\">The pseudonymous digital <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> vigilante also publicly messaged Gracy Chen on X earlier this month, accusing <a href=\"https:\/\/x.com\/zachxbt\/status\/2052363259471380662\" target=\"_blank\" rel=\"noopener noreferrer\">exchanges of profiting<\/a> from trading fees generated by manipulated tokens. \u201c <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">CEXs<\/a> need to freeze MM profits and distribute to users (victims) when these games happen,\u201d he posted in a direct challenge to Bitget\u2019s conduct that has gone unanswered.<\/span><\/p>\n<figure id=\"attachment_813475\" aria-describedby=\"caption-attachment-813475\" style=\"width:777px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-813475\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The \u201cChinese <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">CEX<\/a> cartel\u201d framing refers to a cluster of Asian <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a>, which ZachXBT argues knowingly profit from inflated trading volumes driven by insider-coordinated tokens (all while facing little to no accountability because no single regulator has moved decisively to shut the pattern down).<\/span><\/p>\n<p><span style=\"font-weight:400\">The threat of escalation carries weight given his track record, as past investigations have included exposing the Lazarus Group\u2019s role in the $625 million Ronin Bridge theft and uncovering multiple nine-figure token fraud schemes. <\/span><\/p>\n<p>Most recently, Z<span style=\"font-weight:400\">achXBT turned his focus toward the LAB token, which exploded in early May, gaining over 350% over a 72-hr window. Onchain data showed wallets linked to the LAB team had <a href=\"https:\/\/x.com\/CoinDataFlow\/status\/2052409056359280884\" target=\"_blank\" rel=\"noopener noreferrer\">moved approximately 96 million LAB tokens<\/a> worth $63 million into Bitget before the price surge, a move consistent with pre-positioning ahead of a coordinated pump. <\/span><\/p>\n<div class=\"container\">\n<div id=\"model-response-message-contentr_7ada42d680f988ce\" class=\"markdown markdown-main-panel stronger enable-updated-hr-color\" dir=\"ltr\" aria-live=\"polite\" aria-busy=\"false\">\n<p data-path-to-node=\"0\">Additionally, he identified LAB founder Vova Sadkov (alias vsadkovv) as the architect of the alleged scheme, placing a $10,000 bounty on the founder for any definitive proof of LAB-related market manipulation.<\/p>\n<p data-path-to-node=\"0\"><span style=\"font-weight:400\">Bitget and Shawn Liu have not publicly responded to the allegations at the time of publication. <\/span><\/p>\n<p> <!-- --> <\/div>\n<\/p><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/zachxbt-bitget-shawn-liu-cex-cartel-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways ZachXBT named Bitget founder Shawn Liu as the platform\u2019s actual leader, relegating current CEO Gracy Chen to a figurehead role. He also warned of an imminent escalation against the \u201cChinese CEX cartel\u201d in the near future. Neither Bitget nor Shawn Liu has publicly responded to ZachXBT\u2019s [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72400"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72400"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72401"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}