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Shawn Liu

avoid.net/shawn-liu→14/100·52% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·NsuNsH…LvuH
last updated 2026-08-25

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
Organizations
□Bitget□Shawn Liu□ZachXBT
Exchanges
△Bitget Exchange (Shawn Liu)
Tokens
♦LAB Token4♦LAB Token (AI Terminal / Vova Sadkov)4
Relationships
  • 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
Also appears in
Bitget VOXEL Futures Manipulation April 2025·14Ravencoin Consensus Vulnerability Exploit (August 2026)·0Lab·0Fartcoin·22Ravencoin (RVN)·7XT Exchange·22BingX·32OKB·25Heisenberg Guru (HSBG)·0MemeCore·22

Connected Through

6 shared actors · 478 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Shawn Liu?

Timeline(10 events)

2021

Shawn Liu founds Foresight Ventures, a Singapore-based crypto venture capital fund connected to the Bitget ecosystem.

Foresight Ventures Crunchbase profile

November 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 Post

April 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 News

20 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; Blocmates

May 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 Alert

12 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; Protos

12 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 Times

14 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 News

9 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; PANews

12 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.

NullTX
Provenance & Audit Trail
Anchored on SolanaVerify on-chain16 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (4 events). 16 of 17 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0633 claims checked4 corrections pending0 applied⛓ anchoredSee findings →
full audit log →version history →

model: claude-sonnet-4-6

generated: 8/19/2026, 12:08:43 PM

last updated: 8/25/2026, 7:53:55 AM

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