Heisenberg Guru (HSBG)
Summary
Heisenberg Guru (HSBG) is a Hong Kong-based cryptocurrency market maker alleged by on-chain investigator ZachXBT to have orchestrated coordinated supply-control manipulation schemes across at least six tokens — RIVER, RAVE, SIREN, MYX, SKYAI, and LAB — primarily through Bitget, with Binance and Gate.io as secondary venues. On May 19, 2026, ZachXBT posted a $10,000 personal bounty for insider evidence identifying the firm's operators, naming 'Sion' and 'Chao' as core team members. As of May 31, 2026, HSBG has not publicly responded to the allegations, no regulatory action has been confirmed, and the bounty remains open.
Connected Entities
1 entities · 10 linked investigations- + 7 more
Timeline(18 events)
2025-12-28
RIVER token begins a rally that will reach 1,900% by end of January 2026, according to ZachXBT.
CoinEdition2026-01-31
RIVER reaches an all-time high of approximately $87.79. Supply concentration of 94% in five wallets noted by independent analysts.
CryptoTimes / X analyst @ero_crypto2026-02-28
RIVER crashes approximately 92% from its all-time high within four weeks of the peak.
CoinEdition2026-03-22
SIREN reaches all-time high of $3.65; Bubblemaps flags 50% supply concentration in a single wallet cluster of 200+ wallets.
Yellow.com2026-04-19
RAVE reaches a peak near $27–$28, up approximately 10,000%–11,000% from its starting price. ZachXBT publicly alleges insider wallets control 90–95% of RAVE supply and flags $23 million in team-linked transfers to Bitget.
CoinDesk2026-04-17
Binance and Bitget announce formal investigations into RAVE token trading activity.
FinanceFeeds2026-04-18
RaveDAO denies team involvement in price manipulation. RAVE collapses more than 95% from its peak within 48 hours.
CoinJournal2026-04-21
ZachXBT warns that SIREN, MemeCore, River, and Pipping exhibit the same manipulation characteristics as RAVE.
Bankless Times2026-05-11
LAB token surges more than 350% in 72 hours, reaching approximately $6 billion in fully diluted valuation.
CryptoTimes2026-05-11
100 million LAB tokens (~$480 million, 32% of supply) are withdrawn from Bitget to ten freshly created wallets in a 12-hour window.
Bitcoin.com News2026-05-14
ZachXBT publishes investigation alleging insiders control 95% of LAB token supply and documents on-chain links between LAB multisig signers and RIVER manipulation wallets.
CryptoTimes2026-05-19
ZachXBT posts a $10,000 personal bounty for insider evidence on Hong Kong market maker Heisenberg Guru (HSBG), naming 'Sion' and 'Chao' as core operators and citing RIVER as the primary example.
ZachXBT Investigations Telegram / crypto.news2026-05-31
HSBG and its named operators have not publicly responded to the allegations. No regulatory action has been filed. The bounty remains open.
Multiple Tier 2 outlets (no update found)Decision Log
- hash: Dhyx1fVsqvHRqaXHUNHLgbk58aZ63uhGj6qSu5Qtk7BK
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:07:13 AM
last updated: 5/31/2026, 7:10:32 AM
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