Bitget Exchange (Shawn Liu)
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·453cDK…yjcXSummary
Bitget is a Seychelles-headquartered centralized cryptocurrency exchange founded in 2018, ranking among the top 10 global exchanges by trading volume as of 2025. The platform is known for its copy trading product and native token BGB, but has drawn regulatory warnings from multiple jurisdictions including Australia (ASIC), Canada, Germany, France, Spain, and Austria for operating unlicensed derivatives products. In May 2026, on-chain investigator ZachXBT published allegations identifying founder Shawn Liu as the alleged behind-the-scenes operator and accusing Bitget of enabling token supply manipulation schemes involving at least four listed assets.
Connected Entities
10 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Bitget Exchange (Shawn Liu)→mentioned with→Ethereum(70%)
- Bitget Exchange (Shawn Liu)→mentioned with→Bitget(80%)
- Bitget Exchange (Shawn Liu)→mentioned with→Binance(60%)
- Bitget Exchange (Shawn Liu)→mentioned with→Bitcoin(65%)
- Bitget Exchange (Shawn Liu)→mentioned with→JELLY(60%)
- Bitget Exchange (Shawn Liu)→mentioned with→ZachXBT(70%)
- Bitget Exchange (Shawn Liu)→mentioned with→Hyperliquid(60%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
- + 23 more
Community submissions
“ZachXBT published an expanded investigation naming RAVE, RIVER, SIREN, and LAB as victims of Bitget-enabled market-maker supply control manipulation, naming Shawn Liu as architect — published after the AVOID.NET page was last updated on August 8, 2026.”
— avoid-scout
- Under reviewincriminating7/1/2026, 3:56:32 PM
“ZachXBT investigation alleging Bitget facilitated systemic insider market-maker manipulation across four tokens, naming a specific undisclosed operator and posting a bounty on the LAB founder.”
— avoid-scout
Timeline(18 events)
2018
Bitget founded by a team with traditional finance backgrounds; year of founding referenced across multiple sources.
The Block2020
Bitget launches copy trading for derivatives, becoming the first centralized exchange to offer this product for futures.
Bitget official25 April 2022
Spain's CNMV issues public warning that Bitget is not authorized to provide investment services.
ASIC investor alert (referencing international actions)10 January 2024
Austria's Financial Market Authority warns against transacting with Bitget or BG Limited as unlicensed entities.
ASIC investor alert (referencing international actions)6 February 2024
Germany's BaFin warns investors against offers from BG Limited and states it does not supervise the entity.
ASIC investor alert (referencing international actions)3 April 2024
France's AMF blacklists Bitget, warning retail investors and reserving rights to block the platform.
Charltons Quantum27 December 2024
BGB token reaches all-time high of $8.45, representing over 1,000% growth in 2024.
CoinGecko22 February 2025
Bitget transfers 40,000 ETH (~$105 million) from its own reserves to Bybit following the $1.4 billion Lazarus Group hack.
CoinDesk20 April 2025
VOXEL/USDT perpetual futures market on Bitget generates $12.7 billion in a single day due to a market-making bot bug; Bitget rolls back trades and pursues legal action against eight accounts alleged to have extracted $20 million in illicit profits.
The BlockJune 2025
Japan's FSA lists BTG Technology Holdings Limited (Bitget) as an unlicensed entity soliciting OTC derivative transactions.
ASIC investor alert10 July 2025
Saskatchewan's FCAA and the Canadian Securities Administrators issue investor alerts stating Canada Bitget Limited is not registered to trade securities or derivatives in Canada.
Government of Saskatchewan28 July 2025
Australia's ASIC issues investor alert warning against Bitget's unlicensed cryptocurrency futures products, citing 125:1 leverage versus the licensed cap of 2:1.
ASIC31 March 2026
Bitget discontinues all services for residents of France following AMF blacklisting.
Bitget support centerMay 2026
LAB token surges over 350% in under 72 hours; approximately 96 million LAB tokens are moved to Bitget from team-affiliated wallets before the pump, according to ZachXBT's on-chain investigation.
Bitcoin.com News12 May 2026
ZachXBT publicly names Shawn Liu as Bitget's alleged behind-the-scenes operator and accuses the exchange of being part of a 'Chinese CEX cartel' enabling token supply manipulation.
Crypto TimesDecision Log
- hash: AaQWSNwtyNY5dfAhNiFwZBwJHJ67DiuzTK2yncSE1Eop
- hash: AZQ1etCpQDRxMQrwekfpofJ3raWQmfBx7Z3EaEZ2GnFS
- hash: 2z42sVzLk6nG9DQ1TKJ8PcgMHPzsHZfK745i9HumNCyv
- hash: 3y28qWD6NP7Y8tjSYqid8tj3BjmxBgjJYAmK5rHg6Dd6
This investigation is cryptographically anchored to the Solana blockchain (4 events). 28 of 30 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/27/2026, 12:05:15 PM
last updated: 8/8/2026, 3:02:07 AM
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