Cryptocurrency detective ZachXBT, who has recently issued warnings against numerous altcoins, has issued a new warning against a specific altcoin.
Therefore, in ZachXBT, $LAB The chart is a typical trap for retail investors and blames Bitget exchange managers.
On-chain analyst ZachXBT said: $LAB Token charts as a typical tactic to attract retail investors following yesterday’s $100 million withdrawal $LAB Ten anonymous addresses issued $514 million worth of tokens from Bitget.
ZachXBT claims that the value of altcoins is $LAB Deliberately inflated to attract more investors, $LAB Lock up over 90% of illiquid meme coins.
$LAB He warned that the chart could collapse if token holders actually sell, and said this is a way to attract retail investors on an upward trend.
He also alleged that Sean Liu, whom he identified as BitGet’s de facto head of operations, allowed these fraudulent acts to occur and was complicit in information manipulation. $LAB token.
ZachXBT went further, accusing BitGet of being part of a “China-backed exchange cartel” that enabled a token manipulation scheme and directly targeting the exchange’s founder and chairman, Sean Liu.
This was the most aggressive public attack on a centralized stock exchange to date.
Previously, ZachXBT claimed that $LAB Token founder Boba Sadkov was manipulating the market and offered a $10,000 reward for proof.
*This is not investment advice.
