LAB Token (AI Terminal / Vova Sadkov)

April 2024

Vova Sadkov and Mark X launch Eesee ($ESE), a gamified NFT marketplace on the Blast blockchain. Vesting terms are later changed before TGE; investors receive last-minute refunds.

October 2025

LAB token generation event (TGE) occurs. Vesting terms for investors are changed from original offer (3-month cliff + 8-month linear vesting) to 0% at TGE + 9-month cliff + 6-month linear vesting.

October 2025

Cookie DAO publicly states that 40% of $LAB creator marketing rewards are unlocked with 60% following a 6-month vesting schedule.

March 2026

LAB team-linked wallets begin depositing LAB tokens to Bitget deposit addresses. Between March and April 2026, approximately 226 million LAB are deposited across five Bitget-linked wallets holding 30-60 million each.

8 April 2026

Wallet 0xe037 moves 40 million LAB tokens to Bitget.

23 April 2026

Gas giver addresses connected to LAB multisig infrastructure are funded, suggesting coordinated preparation according to ZachXBT's on-chain analysis.

May 2026

LAB token surges over 350% in under 72 hours, briefly reaching approximately $3.83 before crashing approximately 65%, according to reports. FDV approaches $6 billion during the pump phase.

7 May 2026

ZachXBT publicly accuses Vova Sadkov of market manipulation across Bitget, Bybit, Binance, and OKX. ZachXBT offers a $10,000 bounty for contracts, chat logs, and identity documentation related to LAB's market-making activities. ZachXBT states he had privately contacted the LAB team with no response.

11 May 2026

Lookonchain and ZachXBT flag the beginning of a 12-hour withdrawal window in which 100 million LAB tokens (approximately 32% of reported circulating supply, valued at approximately $480 million at peak) move out of Bitget to ten freshly created wallets.

12 May 2026

ZachXBT calls Bitget part of a 'Chinese CEX cartel' and names Bitget founder Shawn Liu as the operative behind the exchange's alleged facilitation of the scheme. Bitget reportedly untags itself from the X thread without issuing a public statement.

14 May 2026

ZachXBT publishes comprehensive investigation alleging more than 95% insider control of LAB token circulating supply, documenting four extraction mechanisms: OTC loans at 7.5% monthly interest, unilateral vesting term changes, unpaid marketing creator rewards, and opaque market-making arrangements.

14 May 2026

Multiple Cookie DAO content creators publicly report receiving none of the remaining 60% of promised LAB marketing rewards despite the six-month vesting period having elapsed from the October 2025 TGE.

19 May 2026

ZachXBT posts a separate $10,000 bounty for information on market maker Heisenberg Guru (HSBG), linked to alleged centralized exchange manipulation spanning RIVER, RAVE, SIREN, and LAB tokens.

2 June 2026

LAB token collapses approximately 77.5% from its peak of approximately $27.96 to approximately $6.30 within roughly one hour on MEXC, wiping an estimated $6.8 billion in reported market value. Community outrage intensifies.