ZachXBT Accuses LAB: Multiple Issues Including Private Loans and Supply Manipulation
According to on-chain analyst ZachXBT (@zachxbt), the market capitalization of $LAB has recently surged to a $6 billion FDV, but serious issues lie beneath the surface:
1.
Opaque token distribution: $LAB was co-founded by Vova Sadkov and Mark. Their prior project, Eesee ($ESE), faced criticism from investors. Platforms including CoinGecko, RootData, and CoinMarketCap provide conflicting data on LAB’s token distribution, with over 95% of the supply controlled by a small number of parties.
2.
Unilateral amendment of terms: The team unilaterally extended the lock-up period for Legion’s public sale from three months to nine months. Additionally, multiple creators have reported delayed marketing partnership payments—some outstanding for several months—with no response from the team.
3.
Opaque private loans: LAB privately offers loan agreements carrying a 7.5% monthly interest rate and a six-month term. The borrower is BVI shell company The Lab Management Ltd., signed by Vova Sadkov in his capacity as director; in case of default, repayment is to be made in LAB tokens at “market price.”
4.
Anomalous on-chain fund movements: The borrower’s wallet (0xf09c) is identical to LAB’s public buyback wallet and exhibits on-chain linkages with another borrowing address (0x3185) associated with the Wildcat platform—suggesting related funds may have flowed into Vova’s personal exchange account.
ZachXBT notes that $LAB
