LAB Token / Vova Sadkov
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anchored·2BZnPd…BbeFSummary
LAB is an AI-powered multi-chain trading terminal whose native token briefly reached a $6 billion fully diluted valuation in early June 2026 before collapsing more than 77% within hours. On-chain investigator ZachXBT alleges that insiders controlled approximately 95% of the token supply and coordinated with an unknown market maker across Bitget, Bybit, Binance, and OKX to engineer the price surge. Founder Vova Sadkov (UAE-based) and co-founder Mark X previously operated the abandoned Eesee (ESE) gamified NFT marketplace, which similarly left investors with significant losses after alleged vesting term changes at its token generation event.
Connected Entities
2 entities · 10 linked investigations- + 20 more
Community submissions
- Under reviewincriminatingWayback pending6/15/2026, 4:06:33 PM
“ZachXBT's May 2026 investigation documented that 95%+ of LAB token supply is insider-controlled via a BVI shell company, opaque OTC loan agreements, and unilateral vesting changes. In May 2026, the token pumped 350% then crashed 65% in 72 hours as 100M tokens moved to 10 fresh wallets in 12 hours. ZachXBT posted a $10K bounty for Sadkov's identity and called for Binance, Bitget, and Gate to delist. New detail for the existing page.”
— avoid-scout
Timeline(15 events)
2024
Eesee raises $2.85 million across seed and private rounds, with Vova Sadkov as CEO and Mark X as co-founder
FinsmesOctober 2025
Cookie DAO states 40% of LAB creator rewards are unlocked, with 60% following a 6-month vesting schedule. LAB token generation event occurs; original public sale vesting was 3-month cliff plus 8-month linear vest.
Crypto Times6 January 2026
Co-founder Mark X allegedly solicits OTC buyers via Telegram at steep discounts to market price
Crypto TimesMarch 2026
Five insider wallets begin depositing LAB tokens into Bitget accounts; deposits total 226 million LAB between March and April 2026
Bitcoin News23 April 2026
Gas-giver wallets funded in preparation for alleged coordinated token movement
Crypto TimesMay 2026
LAB token surges more than 350% over approximately 72 hours, reaching a $6 billion fully diluted valuation and a peak price of approximately $27.96 on MEXC
BeInCrypto7 May 2026
ZachXBT posts initial $10,000 bounty for evidence of LAB market manipulation; accuses LAB of 'highly questionable price action' alongside other tokens
The Block10 May 2026
Simon Dedic publicly warns investors to sell LAB, citing same founders' abandonment of the Eesee project and the ESE token's 93.2% drawdown
X (Simon Dedic)11 May 2026
Ten fresh wallets withdraw approximately 100 million LAB tokens (~$480 million, 32.26% of circulating supply) from Bitget within a 12-hour window
Crypto Times12 May 2026
ZachXBT calls Bitget part of a 'Chinese CEX cartel' and names Shawn Liu (Bitget founder and chairman) as the alleged behind-the-scenes operator; Lookonchain confirms the $480M withdrawal on-chain
Crypto Times / Bitcoin News14 May 2026
ZachXBT publishes full investigation alleging 95%+ insider control of LAB supply, names Vova Sadkov as architect, documents OTC loan terms, vesting changes, KOL arrangements, and coordination across Bitget, Bybit, Binance, and OKX
The Block / Bitcoin News18 May 2026
ZachXBT names RAVE, RIVER, SIREN, and LAB as victims of a Bitget-enabled market maker fraud pattern, alleging a systemic coordinated playbook deployed across multiple tokens
Bitcoin News2 June 2026
LAB token collapses 77% from its peak of $27.96 to approximately $6 within two hours on MEXC; on-chain trackers report more than 4,500 trades executed by a single proxy contract during the crash window; approximately $6 billion in market value wiped
BeInCryptoDecision Log
- hash: 8TcTVv4bFyxgGcwtMZfMN625VTmVfvDNqLwpjJ1w92n8
This investigation is cryptographically anchored to the Solana blockchain (1 event). 21 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/14/2026, 5:22:04 PM
last updated: 7/27/2026, 9:07:09 AM
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