Shawn Liu
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 14 → 31. Problems weighed by who is responsible: the subject's own conduct −53, problems around the subject, caused by others −1.1; legitimacy credit long-running +10; fact-check adjustments (−14) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -53 |
| Problems around it, caused by others | -1.1 |
| Long-running | +10 |
| Sum | 21 |
Score: 31/100 (kept between 0 and 100)
How scoring works →Summary
Shawn Liu (Chinese name: Liu Shuai) is the founder of Bitget, a major centralized cryptocurrency derivatives exchange, and the founder of Singaporean crypto venture fund Foresight Ventures. In May 2026, on-chain investigator ZachXBT publicly named Liu as the alleged true decision-maker behind Bitget, accusing him of enabling coordinated token supply-manipulation schemes while CEO Gracy Chen serves as the exchange's public face. Liu has not responded to any of the allegations, and no regulatory or legal findings have been made against him personally as of the date of this report.
Connected Entities
6 entities · 59 linked investigations- Bitget Exchange (Shawn Liu)→mentioned with→Bitget(80%)
- Bitget Exchange (Shawn Liu)→mentioned with→ZachXBT(70%)
- LAB Token→mentioned with→Bitget(80%)
- LAB Token→mentioned with→ZachXBT(70%)
- Shawn Liu→mentioned with→ZachXBT(70%)
- Shawn Liu→mentioned with→LAB Token(75%)
- Shawn Liu→mentioned with→Bitget(80%)
- LAB Token→mentioned with→LAB Token (AI Terminal / Vova Sadkov)(85%)
- Bitget Exchange (Shawn Liu)→mentioned with→Shawn Liu(80%)
- Bitget→mentioned with→Bitget Exchange (Shawn Liu)(80%)
- + 10 more
Connected Through
6 shared actors · 478 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □ZachXBTorganization
- □Bitgetorganization
- ♦LAB Token (AI Terminal / Vova Sadkov)token
- □Shawn Liuorganization
Timeline(10 events)
2021
Shawn Liu founds Foresight Ventures, a Singapore-based crypto venture capital fund connected to the Bitget ecosystem.
Foresight Ventures Crunchbase profileNovember 2023
BGX Group, linked to Liu, invests approximately USD $91 million in BC Technology Group (parent of OSL), making Liu the largest shareholder of BC Technology with a 29.97% stake.
South China Morning PostApril 2026
RAVE token crashes approximately 95% from its peak. ZachXBT alleges insiders controlled more than 90% of circulating supply and ran coordinated pump-and-dump operations across multiple exchanges including Bitget. Bitget opens an internal investigation.
Bitcoin.com News; Bitget News20 April 2026
Bitget discloses approximately USD $100 million in losses from an exploit of its market-making bot via VOXEL perpetual futures trading. Eight accounts exploited a pricing flaw. Bitget announces legal action against the accounts.
CoinTelegraph; BlocmatesMay 2026
LAB token surges more than 350% over approximately 72 hours. On-chain data allegedly shows wallets connected to the LAB team deposited approximately 96 million LAB tokens (valued near USD $63 million) into Bitget prior to the surge.
Bitcoin.com News; Whale Alert12 May 2026
ZachXBT publicly names Shawn Liu as Bitget's 'big boss' and alleged true decision-maker, accusing him of enabling scam activity and market manipulation while CEO Gracy Chen serves as the public face. ZachXBT labels Bitget part of a 'Chinese CEX cartel' and warns of further disclosures.
The Crypto Times; Bitcoin.com News; Protos12 May 2026
Ten newly created wallets withdraw approximately 100 million LAB tokens (roughly 32% of circulating supply, then valued at approximately USD $480 million) from Bitget's hot wallet within a 12-hour window.
Protos; The Crypto Times14 May 2026
ZachXBT publishes follow-on investigation alleging insiders control approximately 95% of the LAB token supply. Names Vova Sadkov as the alleged scheme architect and offers a USD $10,000 bounty for proof of manipulation.
The Crypto Times; Bitcoin.com News9 August 2026
Abnormal mark prices in Bitget's TUT, BICO, and LOBSTER perpetual contracts cause approximately USD $40 million in forced-liquidation losses for users. Bitget CEO Gracy Chen publicly acknowledges failures and announces a USDT compensation plan and system upgrades.
NullTX; PANews12 August 2026
ZachXBT conditionally praises Bitget's confiscation of manipulator profits in the TUT/BICO/LOBSTER incident, calling it 'a positive change' while noting the earlier LAB and RAVE cases remain unresolved.
NullTXDecision Log
- slot 455358977 · hash 9v1WCXo7n8mkG26yEujviTnNsw1siTe3iywVnuKdUCNp
- slot 445505132 · hash AHX9Y2YUNmqxHEHSYPq9zK5VHAHFkx2K3U2Xt27Cm4aB
- slot 443512608 · hash Atr6Bu8Mq3h2QW3Z8tahZ5giHnhAvTaxkP9nN8eiKkYi
- slot 443512604 · hash 92Jen6LN5KycUXNKJNQ5LHxeGbDtqL73hN8yJBRg7Hp6
- slot 443509276 · hash GN3HWE4nm5CxtureMYC1TrsUhw47W424YpL5NqR28Qyj
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 16 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/19/2026, 12:08:43 PM
last updated: 10/10/2026, 6:40:28 PM
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