ZachXBT Exposes Bitget’s Hidden Leadership and Warns of CEX Cartel Escalation
- ZachXBT claims that Shawn Liu, not Gracy Chen, is the true leader of Bitget.
- The allegations include enabling scams and manipulation on the exchange platform.
- ZachXBT warns of a future escalation against what he terms the “Chinese CEX cartel.”
- Neither Bitget nor Shawn Liu has publicly responded to these allegations.
- Onchain data revealed that approximately $63 million worth of LAB tokens were moved into Bitget before a price surge.
- A $10,000 bounty has been placed for proof of LAB-related market manipulation by its founder Vova Sadkov.
ZachXBT’s latest accusations against Bitget suggest deep-seated manipulation within the platform, allegedly orchestrated by its founder Shawn Liu while CEO Gracy Chen serves as a figurehead. The focus on insider-coordinated token schemes highlights ongoing concerns about centralized exchange practices in Asia.
The movement of $63 million in LAB tokens into Bitget before a significant price increase underscores ZachXBT’s claims about pre-positioning and market manipulation activities linked to centralized exchanges like Bitget. (Source)
