95% Insider Control of $6B Lab Token Exposed – The Real Scam You Can’t Ignore

by

ZachXBT Says 95% of LAB Token Is Insider-Controlled as Investigation Exposes Multi-Front Retail Rug

A researcher named ZachXBT has released a detailed report investigating LAB, an AI trading platform valued at $6 billion. The report claims that people connected to the project control over 95% of the tokens and are using at least four different methods to profit at the expense of regular users.

  • Key Takeaways:

  • ZachXBT alleges LAB insiders control over 95% of supply and coordinated a 350% pump to a $6B FDV using Bitget infrastructure.
  • The investigation exposes four simultaneous retail extraction methods: OTC loans at 7.5%/month, vesting changes, unpaid marketing rewards, and an opaque market-making deal.
  • ZachXBT posted a $10,000 bounty on LAB founder Vova Sadkov and called on Binance, Bitget, and Gate to freeze insider profits or delist immediately.

A $6 Billion Project Built on Hidden Supply

LAB launched its token generation event in October 2025, positioning itself as an AI-powered trading terminal. In early May 2026, the token surged over 350% in under 72 hours, briefly touching a $6 billion fully diluted valuation ( FDV) before crashing more than 65% within hours, a move ZachXBT alleges was engineered in coordination with an unknown market maker and Bitget insiders.

The investigation shows wallets linked to the LAB team deposited 96 million LAB tokens into Bitget accounts shortly before the pump. Between March and April 2026, insiders accumulated 226 million LAB in Bitget addresses, where the tokens sat dormant. Then, as Bitcoin.com News reported, 100 million LAB worth approximately $480 million moved out to 10 freshly created wallets in a 12-hour window between May 11 and 12.

Four Ways the Team Is Extracting From Retail

ZachXBT laid out multiple concurrent extraction mechanisms running simultaneously:

Vova Sadkov, a co-founder, made private loans to the project with a high monthly interest rate of 7.5% over six months. These loans were offered at a significant discount – 60 to 80% below market value. In some cases, the terms of these loans required influential figures in the crypto space to actively promote the project on social media before they could access their tokens, essentially tying financial benefits to promotional activity.

(ii) Vesting changes: The LAB team unilaterally extended the cliff period for public sale participants from three months to nine months without buyer consent. Participants who agreed to specific lockup terms found them changed after the fact.

Some creators who promoted LAB have experienced significant delays in receiving their promised payments, sometimes waiting for months without any updates or confirmation that the money is still coming.

ZachXBT discovered that LAB had a secret deal with another party to manipulate the token’s price. The terms of this deal weren’t shared with token holders, meaning there was no transparency about how the price was being managed.

The Bitget Angle

In all of this, ZachXBT specifically named Bitget, calling the exchange part of a “Chinese CEX cartel” that enables these schemes to operate. He also named Shawn Liu, not publicly-facing CEO Gracy Chen, as the behind-the-scenes operator, alleging that Liu facilitates these arrangements while Chen serves as the public face of the exchange.

ZachXBT also posted a $10,000 bounty targeting LAB founder Vova Sadkov, seeking contracts, chat records, or insider documents from the market-making activities across exchanges. The developments follow his exposé of the RAVE token, in which he alleged that a group controlling more than 90% of its circulating supply coordinated trades across exchanges to engineer a pump-and-dump.

Vova Sadkov and Mark, the founders of LAB, previously worked on a project called Eesee. That project ended poorly, as investors felt let down when the team changed direction without fulfilling their promises.

Read More

2026-05-15 18:28