ZachXBT offers $10,000 bounty over LAB token activity

Blockchain investigator ZachXBT posted a $10,000 bounty and accused LAB founder Vova Sadkov of coordinating large LAB token deposits to centralized exchanges, including Bitget, Bybit and Binance, ahead of a sharp price increase in early May.

ZachXBT alleges transfers worth tens of millions of dollars were routed to exchange wallets in the weeks before the May price surge. He alleges the timing and routing follow a pattern he describes as consistent with market manipulation.

The bounty announcement on X offered $10,000 for either a passport or ID for Vova Sadkov or for insider details about the market maker used for LAB on the named exchanges, including contracts and chat logs. The post included the request: “$10K bounty is now live on @vsadkovv passport/ID or insider details of the market maker (contracts, chat logs, etc) used for LAB on Bitget spot, Bybit perps Binance perps, or OKX perps.”

Another onchain analyst, Specter, noted some deposits occurred weeks before the price move and pointed to gas-fee links connecting several wallets to addresses he identified as tied to the LAB team or to Sadkov. Investigators also identified activity by some of the same wallets in other tokens, including SkyAI.

ZachXBT said he initially messaged the LAB team privately and received no reply. He then escalated the issue publicly and contacted Bitget CEO Gracy Chen, asserting that exchanges collected fee revenue from the trading volume connected to the alleged activity.

In recent weeks ZachXBT has posted analysis of sharp drawdowns and irregular trading for smaller token projects, including a report on RAVE's roughly 95% decline. He has called for faster exchange detection and intervention to limit losses for retail traders while platforms collect fees on high-volume trades.

The LAB team has not issued a public response to the accusations. The named exchanges have not released statements addressing the bounty or the allegations.

The bounty remains active as onchain investigators seek verifiable identity documents or internal records that could clarify who operated the wallets and how any market-making arrangements were structured.