ZachXBT: LAB insider deposited 226 million tokens to the exchange

Odaily Odaily News ZachXBT posted on X platform, stating that the LAB lending contract borrower wallet (0xf09c) is the same wallet used for public buybacks, and funds have flowed into an exchange suspected to be used by Vova. Since January 2026, co-founder Mark has publicly recruited OTC buyers, offering loans at a 5% monthly interest rate and 60% discounted OTC shares with a 5-month lock-up period.

The funds of the LAB team's multi-signature signer address (0xcEA...eBC9) originated from insiders related to the RIVER manipulation incident. This insider had previously received over 12 million USD worth of RIVER tokens into two CEX deposit addresses. From March to April, the insider deposited 226 million LAB into Bitget and recently withdrew 100 million. An unknown market maker may be operating through a Chinese exchange.

He pointed out that the team, market makers, and OTC buyers possess inside information, putting retail investors at a disadvantage. He called on Bitget, Binance, and Gate.io to freeze insider profits and redistribute them to users.