LAB allegedly used private OTC discounts, influencer deals, and coordinated exchange activity to support price growth, ZachXBT claimed in investigations.
ZachXBT warns THORChain may have lost over $10M across Bitcoin, Ethereum, BSC, and Base as the protocol halts trading. Blockchain investigator ZachXBT has warned that THORChain may have suffered a multi-chain exploit, with losses above $10 million. The alert named Bitcoin, Ethereum, BSC, and Base as affected chains. Soon after, THORChain paused trading and carried […]
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The post ZachXBT Says 95% of LAB Token Is Insider-Controlled as Investigation Exposes Multi-Front Retail Rug – Bitcoin News appeared on BitcoinEthereumNews.com.
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
Onchain investigator ZachXBT has published a sweeping investigation into LAB, an AI trading terminal project with a $6 billion fully diluted valuation, alleging insiders control more than 95% of the token supply while running at least four simultaneous mechanisms to extract value from retail participants. A $6 Billion Project Built on Hidden Supply LAB launched […]
The post Thorchain Hack Drains $10M – ZachXBT Reports appeared on BitcoinEthereumNews.com.
The post Thorchain Hack Drains $10M – ZachXBT Reports appeared first on Coinpedia Fintech News THORChain, a cross-chain crypto trading protocol, was hit by a major hack that may have stolen over $10 million in digital assets across Bitcoin, Ethereum, BNB Chain, and Base. The attack sparked panic in the DeFi market, causing THORChain’s native token RUNE to drop more than 14% shortly after the exploit. ZachXBT Flags Suspicious Multi-Chain Activity The first warnings came from on-chain investigator ZachXBT, who reported suspicious activity linked to THORChain’s router infrastructure. According to ZachXBT, attackers moved roughly $7.2 million worth of assets including USDT, USDC, and wrapped Bitcoin across multiple blockchain networks before swapping them into ETH. The stolen funds were reportedly spread across Bitcoin, Ethereum, BNB Chain, and Base. Initial estimates suggested losses exceeded $7.
The post Thorchain Loses Nearly $11M as Attackers Poison Vault Churn Process Across 4 Chains – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Thorchain lost approximately $10 to $11 million across Bitcoin, Ethereum, BSC, and Base on May 15, 2026. ZachXBT flagged the exploit publicly as RUNE dropped 12 to 15% within hours, falling to roughly $0.50. Node operators triggered a global emergency halt; a full post-mortem from Thorchain is still pending. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total higher. The breach hit vaults on Bitcoin, Ethereum, BNB Smart Chain, and Base. The attack method centered on a vault churn, a standard Thorchain process in which node operators rotate in and out while assets are redistributed using threshold signature schemes. Attackers appear to have injected malicious addresses into that process, tri
Thorchain suffered an estimated $10 to $11 million exploit on Friday, after attackers used vault churn address poisoning to redirect funds during a routine migration process across multiple blockchains. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total […]
The post THORChain loses nearly $11 million in suspected exploit as RUNE tumbles 13% appeared on BitcoinEthereumNews.com.
THORChain, the decentralized cross-chain liquidity protocol that enables swaps between major blockchain networks, appears to have been exploited for approximately $11 million across Bitcoin, Ethereum, Binance Smart Chain, and Base, according to on-chain investigator ZachXBT. Trading on the protocol was paused following the incident. The project has yet to respond publicly to reports of the suspected exploit. The breach, which surfaced in the early hours of Friday, is at least the fourth major security incident for the protocol in recent years. The first widely recognized exploit took place in July 2021, leading to losses estimated between $4.9 million and $5 million from liquidity pools. A second major incident followed during the ChaosNet era later that year, when attackers drained approximately 4,000 ETH from Ethereum-linked liquidity before the treasury reimburse
