News linked to both this project and an event.
on-chain detective ZachXBT posted on X, stating that the crypto community's demands for his investigative work are often difficult to meet.ZachXBT said that when he publishes token manipulation investigations before insiders exit, he is accused of shorting the relevant projects, such as RAVE, M, and LAB. Conversely, when he reveals findings after an incident has occurred, he is criticized for failing to provide advance warnings.He indicated that constantly facing such criticism has gradually diminished his motivation to regularly publish investigative reports publicly, as he would rather continue his work privately than bear the pressure of public opinion. ZachXBT also criticized some community members for excessively relying on his investigation results instead of conducting their own research.
on-chain data platform Bubblemaps has released an analysis of the LAB token on-chain data on X platform. Only 313 participants joined the presale on the Legion platform, with a total initial investment of approximately $1.428 million. The current market value of these presale holdings has surged to $977 million, with investors collectively enjoying an unrealized gain approaching $1 billion. Due to unlock restrictions, the full lock-up period for investors' shares extends to 2027, making it difficult to liquidate funds. The first batch of token unlocks will occur on July 14. Bubblemaps warns that the economic model featuring highly concentrated LAB holdings combined with long-term lock-up poses significant liquidity risks. There is widespread market concern that after subsequent rounds of unlocks, large-scale profit-taking by major holders could put downward pressure on the market.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), just as blogger Zach publicly questioned the LAB project, an address linked to the project—0xf09…2Bd0b—received 3.66 million LAB tokens (approximately $14.07 million) nine hours ago from the multisig address 0x36F…0C291. The funds originated from the LAB token deployment address. Subsequently, this address transferred 2.125 million of those tokens to two contract addresses, whose specific purpose remains unclear.
On-chain investigator ZachXBT has announced a $10,000 bounty for information regarding market makers involved in LAB’s spot trading on Bitget and perpetual futures trading on Bybit, Binance, and OKX—including passport details, identity verification documents, or insider information such as contract agreements and chat logs—targeting LAB’s founder (@vsadkovv). ZachXBT stated that these actors are further damaging the industry’s reputation and must not escape accountability.
On-chain investigator ZachXBT stated that LAB’s founders engaged in CEX market manipulation while issuing “philosophical” statements—actions that harmed retail investors. ZachXBT noted he had attempted to contact them privately, but received no response. He added that such “scammer” behavior is further eroding the crypto industry’s already dwindling public trust.
ZachXBT posted on X platform, stating that the LAB founder spouts philosophical nonsense while engaging in CEX market manipulation that harms retail investors. He previously attempted to contact them privately, but the messages were read and ignored. Scammers further undermine the remaining credibility of the industry.
that, according to official sources, MGBX will list LABUSDT and TAGUSDT perpetual contract trading pairs at 18:00 (SGT) on May 4, 2026.Trading opening time: 18:00 (SGT) on May 4, 2026;Leverage: Up to 25x supported.