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On-chain sleuth ZachXBT has accused the founder of LAB of running centralized exchange manipulation schemes that he says \u201charm retail investors,\u201d after a private warning DM was read and ignored<\/p>\n
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ZachXBT alleged in a new post on X that the founder of LAB has been \u201cposting philosophical nonsense while participating in market manipulation on CEXs that harms retail investors.\u201d He added that he had tried to reach out privately but that \u201cthe DM was read and not replied to,\u201d before concluding that \u201cthis scammer further undermined the last remaining credibility of the industry,\u201d according to his\u00a0thread<\/a>.<\/p>\n While ZachXBT did not share the full on\u2011chain traces in that single post, the allegation comes just days after other monitoring accounts highlighted suspicious trading around LAB. A recent MEXC\u00a0briefing<\/a>\u00a0noted that a wallet \u201csuspected of being an insider or market maker\u201d realized an estimated $1.13 million profit after LAB\u2019s price surged 10x in a month, with its pre\u2011pump positioning and post\u2011spike selling pattern raising \u201cserious questions about market fairness in the cryptocurrency space.\u201d<\/a><\/p>\n The LAB accusation fits a pattern in ZachXBT\u2019s work. In a separate investigation last month, he accused RaveDAO of being at least aware of who manipulated its RAVE token during an 11,000% pump and crash, pointing to transfers from a token\u2011distribution wallet into Bitget deposit addresses that coincided with a 40% intraday drop. RaveDAO denied team involvement, but ZachXBT argued that given supply concentration and the origin of the funds, \u201cthe team at minimum knows who is responsible for this price action,\u201d as summarized in a\u00a0Binance Square<\/a>\u00a0recap.<\/a><\/p>\n