{"id":72709,"date":"2026-05-18T21:29:52","date_gmt":"2026-05-18T21:29:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zachxbt-names-rave-river-siren-and-lab-as-victims-of-bitget-enabled-market-maker-fraud\/"},"modified":"2026-05-18T21:29:52","modified_gmt":"2026-05-18T21:29:52","slug":"zachxbt-names-rave-river-siren-and-lab-as-victims-of-bitget-enabled-market-maker-fraud","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zachxbt-names-rave-river-siren-and-lab-as-victims-of-bitget-enabled-market-maker-fraud\/","title":{"rendered":"ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud"},"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 has accused Bitget of enabling supply control manipulation across RAVE, RIVER, SIREN, and LAB tokens.<\/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\">Ten wallets pulled 100M LAB tokens ($480M, 32% of supply) from Bitget in 12 hours, per onchain data.<\/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\">ZachXBT recently named Bitget\u2019s founder Shawn Liu as a behind-the-scenes enabler for Bitget and posted a $10K bounty for evidence in relation to the LAB scandal.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2>Bitget Accused of Enabling Supply Control Manipulation<\/h2>\n<p><span style=\"font-weight:400\">In a post on Monday, ZachXBT <\/span><a href=\"https:\/\/twitter.com\/zachxbt\/status\/2056280451971777024\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">accused Bitget<\/span><\/a><span style=\"font-weight:400\"> of permitting \u201csketchy active market makers to defraud retail users with supply control manipulation schemes,\u201d naming four specific tokens (RAVE, RIVER, SIREN, and LAB) as examples. He added that when confronted, Bitget\u2019s response has been to claim it will investigate while providing no follow-up to affected communities.<\/span><\/p>\n<p><span style=\"font-weight:400\">The accusation lands on top of an already extensive paper trail, as earlier this month ZachXBT revealed his most damning investigation to date, one centered on LAB, the token of an AI trading terminal project. According to his <\/span><a href=\"https:\/\/news.bitcoin.com\/zachxbt-lab-token-insider-control-bitget-investigation-2026\/\"><span style=\"font-weight:400\">public findings<\/span><\/a><span style=\"font-weight:400\">, insiders control approximately 95% of the LAB token supply, a level of concentration that makes genuine price discovery virtually impossible. <\/span><\/p>\n<p><span style=\"font-weight:400\">The token surged from around $0.68 to over $4.00 in roughly five days in early May, pushing its fully diluted valuation ( <span>FDV<\/span>), the theoretical <span>market cap<\/span> if all tokens were in circulation, above $6 billion. Onchain data showed wallets linked to the LAB team had moved 96 million LAB tokens worth approximately $63 million into Bitget ahead of the price surge.<\/span><\/p>\n<p><span style=\"font-weight:400\">The aftermath was swift and damaging as <\/span><a href=\"https:\/\/news.bitcoin.com\/lab-token-bitget-withdrawal-manipulation-2026\/\"><span style=\"font-weight:400\">ten newly created wallets<\/span><\/a><span style=\"font-weight:400\"> withdrew 100 million LAB tokens, representing 32% of the circulating supply and valued at approximately $480 million, from Bitget\u2019s hot wallet in a 12-hour window. Zach subsequently identified LAB founder Vova Sadkov (alias vsadkovv) as the alleged architect of the scheme and posted a $10,000 bounty on X for anyone with definitive proof of LAB-related manipulation.<\/span><\/p>\n<h2 data-path-to-node=\"6\">Systemic Contagion and the \u201cChinese <span>CEX<\/span> Cartel\u201d Pattern<\/h2>\n<p><span style=\"font-weight:400\">LAB was <\/span><a href=\"https:\/\/news.bitcoin.com\/rave-crashes-68-as-binance-and-bitget-investigate-manipulation-claims\/\"><span style=\"font-weight:400\">not an isolated case<\/span><\/a><span style=\"font-weight:400\"> because, as <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News reported recently, RAVE crashed 68% as Binance and Bitget launched separate investigations into manipulation claims, before ultimately <\/span><a href=\"https:\/\/news.bitcoin.com\/ravedao-denies-manipulation-claims-as-rave-token-plummets-95-from-peak\/\"><span style=\"font-weight:400\">collapsing 95% from its peak<\/span><\/a><span style=\"font-weight:400\"> as RaveDAO denied any involvement or wrongdoing in the matter. <\/span><\/p>\n<p><span style=\"font-weight:400\">Fresh <\/span><a href=\"https:\/\/news.bitcoin.com\/fresh-manipulation-warnings-hit-other-crypto-projects-after-raves-95-collapse\/)\/\"><span style=\"font-weight:400\">manipulation warnings<\/span><\/a><span style=\"font-weight:400\"> also hit other projects in the immediate aftermath of RAVE\u2019s implosion, a <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">ripple<\/a> effect ZachXBT had anticipated, arguing the entities behind these schemes run the same playbook across multiple tokens simultaneously via Chinese exchanges.<\/span><\/p>\n<p><span style=\"font-weight:400\">He has since identified the pattern as systemic, as in an earlier escalation, he <\/span><a href=\"https:\/\/news.bitcoin.com\/zachxbt-bitget-shawn-liu-cex-cartel-2026\/\"><span style=\"font-weight:400\">named Shawn Liu<\/span><\/a><span style=\"font-weight:400\">, Bitget\u2019s founder and chairman, operating behind CEO Gracy Chen\u2019s public face as the key enabler of the exchange\u2019s role in these schemes. He called him out by name and warned that his campaign against what he termed 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 would continue to escalate.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/zachxbt-bitget-supply-control-manipulation-rave-river-siren-lab-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways ZachXBT has accused Bitget of enabling supply control manipulation across RAVE, RIVER, SIREN, and LAB tokens. Ten wallets pulled 100M LAB tokens ($480M, 32% of supply) from Bitget in 12 hours, per onchain data. ZachXBT recently named Bitget\u2019s founder Shawn Liu as a behind-the-scenes enabler for [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72710,"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\/72709"}],"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=72709"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72710"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}