ZachXBT alleges LAB insider control and token manipulation

ZachXBT alleges LAB insiders control 95% of tokens, manipulating supply and valuation, with poor transparency and risks for retail investors.

Blockchain investigator ZachXBT has released reports alleging that insiders of the LAB project control over 95% of its token supply. According to the investigation, these insiders coordinate with market makers and use opaque private loans and over-the-counter deals to manipulate the market. The project’s fully diluted valuation reportedly surged to around $6 billion, despite a lack of transparency regarding token distribution and circulating supply. ZachXBT highlights unilateral changes to vesting schedules, undisclosed insider allocations, and suspicious token movements involving hundreds of millions of dollars. Major data aggregators show inconsistent figures for LAB’s circulating supply, while the project’s own documentation lacks a clear breakdown. The founders, previously associated with the Eesee project, are accused of withholding key information, leaving retail investors at risk. The findings underscore ongoing concerns about insider advantage and transparency in the crypto market.