Bitget Under Fire As $480m Withdrawal From Lab Sparks Allegations Of Coordinated Exchange Action

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The post Bitget Faces ZachXBT Firestorm After $480M LAB Withdrawals appeared on BitcoinEthereumNews.com. Bitget Faces ZachXBT Firestorm After $480M LAB Withdrawals Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin’s financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitget-zachxbt-firestorm-480-million-la

Bitget is facing renewed scrutiny after Lookonchain reported that ten fresh wallets withdrew 100 million LAB tokens, worth about $480.33 million, from the exchange over a 12-hour window. The transfers represented 32.26% of LAB’s circulating supply, according to the on-chain tracker, adding fresh fuel to allegations from ZachXBT and other analysts that LAB trading activity […]

Blockchain investigator ZachXBT has publicly named Shawn Liu as the key operative running scam operations at Bitget behind the scenes, calling CEO Gracy Chen merely “the face” of the company. Turning The Spotlight on Bitget’s Shadow Operator ZachXBT has escalated his long-running critique of Bitget even further, naming the firm’s founder, Shawn Liu, as its […]

The post 10 Fresh Wallets Pull 100 Million LAB Tokens Worth $480M From Bitget appeared on BitcoinEthereumNews.com. Key Takeaways Lookonchain flagged 10 fresh wallets withdrawing 100M LAB tokens ($480M) from Bitget in 12 hours. The withdrawal represents 32.26% of LAB’s circulating supply, following a 370% pump earlier this month. ZachXBT previously posted a $10,000 bounty targeting LAB founder Vova Sadkov for alleged manipulation. Exit Follows 1,000% Pump and ZachXBT Probe Lookonchain flagged the movement on Tuesday, noting that ten fresh wallets had collectively withdrawn 100 million LAB tokens, valued at approximately $480 million, from Bitget over a 12-hour period. The withdrawn tokens represent 32.26% of LAB’s total circulating supply, a scale of coordinated movement that is unusual. Onchain data reveals ten new wallets withdrawing $480M in LAB. The withdrawal follows a turbulent stretch for LAB because earlier this month, on May 2, the token surged over 350%, climbing from roughly

Ten newly created wallets have withdrawn 100 million LAB tokens, worth approximately $480 million and representing 32% of the token’s circulating supply, from Bitget in a 12-hour window, adding fresh onchain evidence to an already active manipulation investigation. Exit Follows 1,000% Pump and ZachXBT Probe Lookonchain flagged the movement on Tuesday, noting that ten fresh […]

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