ZachXBT linked LAB wallets to suspicious exchange deposits ahead of a sharp token rally and public backlash.
Blockchain investigator ZachXBT has intensified scrutiny around another crypto project tied to suspicious trading activity. Allegations involving coordinated token deposits and aggressive price movement have now placed LAB under pressure. Attention also shifted toward centralized exchanges accused of benefiting from heavy trading volume linked to manipulated markets. Tensions rose further after ZachXBT announced a $10,000 public bounty tied to the case.
On-Chain Analysts Link LAB Wallet Activity to Suspicious Exchange Deposits
ZachXBT announced the bounty on Thursday for information related to alleged manipulation involving LAB token trading. He requested passport details, insider records, market-maker contracts, and chat logs related to LAB activity across Bitget spot markets, Bybit perpetuals, Binance perpetuals, and OKX perpetuals.
Posts shared on X accused the LAB team of coordinating large token deposits to centralized exchanges before a sharp price rally in early May. According to ZachXBT and other on-chain researchers, wallets tied to the project allegedly transferred tens of millions of dollars worth of LAB tokens ahead of the surge.
Obviously another market manipulation scheme on CEXs by insiders.
There’s multiple of these scam tokens per month (SkyAI, Lab, etc).
Not worth it for people to trade them.
— ZachXBT (@zachxbt) May 2, 2026
Another blockchain analyst, Specter, claimed that some deposits occurred weeks before the rally. Specter also pointed to gas fee patterns that allegedly linked several wallets to Vova Sadkov and the LAB team.
Some wallets reportedly shared connections with SkyAI, another token project ZachXBT previously criticized for suspicious trading behavior. He also mentioned that small-cap token manipulation has increased in recent months as volatile rallies and collapses continue across speculative markets.
ZachXBT Accuses Exchanges of Benefiting From Suspected Pump Schemes
ZachXBT stated he privately contacted the LAB team before posting the allegations publicly. After receiving no response, he said he decided to escalate the issue through social media posts and direct criticism of exchange operators.
Messages directed at Gracy Chen accused exchanges of profiting from trading fees generated by manipulated tokens. ZachXBT argued that centralized platforms should freeze
Attention from ZachXBT has recently expanded beyond LAB. Last month, he criticized projects including SIREN, MYX, COAI, PIPPIN, M, and RIVER after steep price declines and questionable trading activity. He warned that delayed intervention leaves retail traders absorbing losses while exchanges continue collecting fees.
