The post ZachXBT Accuses LAB Token Founder of Market Manipulation, Offers $10,000 Bounty for Evidence appeared first on Coinpedia Fintech News
On-chain investigator ZachXBT has publicly accused Vova Sadkov, the founder of LAB token, of manipulating the market through centralised exchanges while simultaneously posting philosophical content on social media. ZachXBT said the alleged manipulation has directly harmed retail investors who were trading the token.
Before going public, ZachXBT said he reached out to the LAB team privately via direct message. He received no response.
The Bounty
With no reply from the team, ZachXBT escalated. He announced a $10,000 bounty for anyone who can provide concrete evidence of LAB-related market manipulation. The information he is specifically looking for includes contracts, chat records, and insider documents from LAB’s market-making activities across four major exchanges: Bitget spot, Bybit perpetuals, Binance perpetuals, and OKX perpetuals.
He is also offering the bounty for identity-related information on the founder, known online as vsadkovv, including passport or government-issued ID details.
What Others Are Saying
The accusation quickly gained traction across crypto social media. On-chain analyst Specter posted what he described as strong on-chain proof of coordinated manipulation by the LAB team, calling it a classic pump and dump scheme with retail investors used as exit liquidity. LAB had previously raised $1.5 million from institutional backers, adding weight to the concerns being raised.
ZachXBT was direct when asked about trading tokens like LAB. “I do not recommend trading these type of tokens at all,” he wrote.
When another user suggested naming and shaming the market makers involved, ZachXBT replied with a single word: “Yes.”
What to Watch
LAB token has not publicly responded to the accusations at the time of writing. With a $10,000 bounty now live and on-chain analysts actively digging through transaction data, more evidence is likely to surface in the coming hours and days.
ZachXBT has a track record of producing detailed investigations that have led to real consequences for bad actors in the crypto space. For retail holders of LAB, his warning is clear. Proceed with extreme caution.