Audit log

Every state-changing event for Spectral Labs: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-05-30 04:56:35Z
   Score: ? → ? (no score change)
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   ●mainnet-betaslot 423,087,941

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   4648VnxdoYiF…NCqzfEBhcopyexplorer ↗

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   AUNDk59di6RW…ARzFSph1copysha256 → base58

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   canonical bytes (6789 B) ▸

   {"actor":"system:backfill","investigation_id":"437394da-c16b-4b30-ae63-075783cab595","kind":"publish","page_slug":"spectral-labs","published_at":"2026-05-30T04:56:35.142Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Spectral Labs","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://techcrunch.com/2022/08/24/spectral-raises-23m-to-help-create-web3-credit-scores/","type":"other","url":""},{"credibility":3,"name":"https://gritdaily.com/autonomous-ai-agents-on-blockchain-spectral-labs/","type":"other","url":""},{"credibility":3,"name":"https://www.spectrallabs.xyz/","type":"other","url":""},{"credibility":3,"name":"https://theorg.com/org/spectral-finance/org-chart/sishir-varghese","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://techcrunch.com/2022/08/24/spectral-raises-23m-to-help-create-web3-credit-scores/","type":"other","url":""},{"credibility":3,"name":"https://www.generalcatalyst.com/stories/our-investment-in-spectral-building-programmable-creditworthiness","type":"other","url":""},{"credibility":3,"name":"https://www.fintechfutures.com/fintech-start-ups/web3-credit-scoring-start-up-spectral-raises-23m","type":"other","url":""},{"credibility":3,"name":"https://www.examinecrypto.com/post/spectral-an-onchain-agent-economy-raises-undisclosed-funding-from-stix","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coingecko.com/en/coins/spectral","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/spectral/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/price/spectral-finance/vesting","type":"other","url":""},{"credibility":3,"name":"https://tokenomist.ai/spectral","type":"other","url":""},{"credibility":3,"name":"https://announcements.bybit.com/en/article/delisting-of-memefi-raca-art-spec-xcad-and-myro-bltdbb463725cd37abc/","type":"other","url":""},{"credibility":3,"name":"https://coincub.com/price-prediction/spectral-spec-price-prediction/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://incrypted.com/en/spectral-labs-review/","type":"other","url":""},{"credibility":3,"name":"https://blog.spectral.finance/2024-roadmap/","type":"other","url":""},{"credibility":3,"name":"https://mementoresearch.com/building-the-onchain-agent-economy-spectral-labs/","type":"other","url":""},{"credibility":3,"name":"https://venturebeat.com/business/democratizing-finance-spectral-labs-and-the-autonomous-finance-movement","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.spectrallabs.xyz/spectralairdrop/","type":"other","url":""},{"credibility":3,"name":"https://www.bitget.com/news/detail/12560603996655","type":"other","url":""},{"credibility":3,"name":"https://coincub.com/price-prediction/spectral-spec-price-prediction/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/ico/spectral-finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.theblock.co/post/401290/zachxbt-alleges-95-insider-control-of-lab-token-in-investigation-into-ai-terminals-6-billion-fdv-project","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2026/05/14/zachxbt-alleges-95-lab-token-are-controlled-by-insiders/","type":"other","url":""},{"credibility":3,"name":"https://news.bitcoin.com/zachxbt-lab-token-insider-control-bitget-investigation-2026/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://incrypted.com/en/spectral-labs-review/","type":"other","url":""},{"credibility":3,"name":"https://www.spectrallabs.xyz/","type":"other","url":""}]}],"sources_used":[],"summary":"Spectral Labs (spectrallabs.xyz) is a U.S.-based Web3 protocol founded in 2021 that pivoted from an on-chain credit scoring product (MACRO Score) to an autonomous AI agent economy platform. The project has raised approximately $30 million from institutional investors including General Catalyst, Social Capital, and Jump Capital. Its governance token SPEC reached an all-time high of approximately $18.48 in November 2024 before collapsing more than 99% to under $0.10 by mid-2026, with Bybit delisting the token from both spot and futures markets, raising significant concerns around tokenomics, unlock-driven selling pressure, and product-market fit.","timeline":[{"date":"2021-01-01","event":"Spectral Labs founded by Sishir Varghese and Srikar Varadaraj with focus on on-chain credit scoring.","source":""},{"date":"2022-08-24","event":"Spectral raises $23 million Series A led by General Catalyst and Social Capital, with participation from Samsung, Jump Capital, Franklin Templeton, and others.","source":""},{"date":"2023-11-01","event":"Spectral's Machine Intelligence Network launches on mainnet, marking the pivot toward an AI inference and agent economy.","source":""},{"date":"2024-05-07","event":"SPEC token generation event (TGE). Token lists on MEXC Global. 8 million SPEC airdropped to 52,992 eligible addresses.","source":""},{"date":"2024-08-01","event":"Spectral announces Syntax V2 and the migration of investor tokens from foundational custody to Anchorage Digital institutional custody.","source":""},{"date":"2024-11-30","event":"SPEC token reaches all-time high of approximately $18.48, coinciding with peak AI-crypto narrative momentum.","source":""},{"date":"2025-01-21","event":"Bybit delists SPEC/USDT spot trading pair, citing consistently low trading volumes and poor liquidity scores.","source":""},{"date":"2025-05-01","event":"Spectra Vault launches publicly on Hyperliquid exchange as an AI-operated autonomous trading vault.","source":""},{"date":"2025-09-01","event":"17.3% token unlock event releases approximately $1.58 million worth of SPEC at prevailing prices, increasing sell pressure in an already thin market.","source":""},{"date":"2025-10-01","event":"Bybit delists SPEC perpetual futures contracts, further reducing exchange coverage and liquidity.","source":""},{"date":"2026-05-14","event":"ZachXBT publishes major investigation into a separate LAB token project (LABtrade / The Lab Management Ltd.), alleging 95% insider control. This project is distinct from Spectral Labs but potential name confusion between the two entities has been noted by researchers.","source":""},{"date":"2026-05-29","event":"SPEC trading at approximately $0.075, down more than 99.6% from all-time high. Market cap approximately $1.55 million.","source":""}]},"v":1}

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2. #2rescoreby systemsystem

   2026-10-10 18:45:15Z
   Score: 42 → 65 (+23)
   Rescored under Scoring v2, the published formula (avoid.net/scoring): 42 → 65. Problems weighed by who is responsible: concerns that are not fraud −12.8, problems around the subject, caused by others −2.4; legitimacy credit long-running +10, regulated +5.
   anchoranchored

   chain

   ●mainnet-betaslot 455,365,025

   sig

   3APbrFfQHR5c…RSqvF2rEcopyexplorer ↗

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   8pGwY3jKuES6…pi4hd4Zucopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (623 B) ▸

   {"actor":"system","decided_at":"2026-10-10T18:45:15.419Z","decision":"rescore","investigation_id":"437394da-c16b-4b30-ae63-075783cab595","new_score":65,"page_slug":"spectral-labs","prev_score":42,"reason":"Rescored under Scoring v2, the published formula (avoid.net/scoring): 42 → 65. Problems weighed by who is responsible: concerns that are not fraud −12.8, problems around the subject, caused by others −2.4; legitimacy credit long-running +10, regulated +5.","score_delta":23,"score_model":"v2","sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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   python -m src.verify_decision 6e390f21-570a-4c2c-81d0-aa7399a9f9c8copy
3. #3reviewby reviewerreviewer

   2026-11-01 22:28:48Z
   Score: 65 → 65 (no score change)
   The funding and investor claims match TechCrunch. The market data is stale: SPEC is about $0.0055 with a market cap near $290K, against the page's $0.075 and $1.55M. The Bybit perpetual-futures delisting on Oct 1, 2025 could not be found. The only perpetual delisting located was on MEXC on Oct 6, 2025, so the page may have attributed it to the wrong exchange. The page omits the December 2024 Syntax exploit (about $200K). The ZachXBT section correctly disclaims a separate LAB project. Only a subset of the claims was checked.
   anchoranchored

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   ●mainnet-betaslot 464,260,278

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   3XqEe1xEkPWK…U2A1TWj7copyexplorer ↗

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   5h4pfLDC1tqJ…rBsrLS2Acopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1414 B) ▸

   {"actor":"reviewer","artifact_identity":"e21d630b013c0f7aee78035e3be98fb9","blocked_count":1,"decided_at":"2026-11-01T22:28:48.350Z","decision":"review","disputed_pct":0.4,"findings_hash":"8oyCige5UEvKccie8J21pfJ9N9NwhxmmBcDPafr8Hp54","investigation_id":"437394da-c16b-4b30-ae63-075783cab595","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":65,"omissions":{"material":1,"total":2},"page_content_hash":"8bb9f199285bc879bc33c0e1ef4ece57d9e0fd50e441d2c112a657f580560b1e","page_slug":"spectral-labs","prev_score":65,"reason":"The funding and investor claims match TechCrunch. The market data is stale: SPEC is about $0.0055 with a market cap near $290K, against the page's $0.075 and $1.55M. The Bybit perpetual-futures delisting on Oct 1, 2025 could not be found. The only perpetual delisting located was on MEXC on Oct 6, 2025, so the page may have attributed it to the wrong exchange. The page omits the December 2024 Syntax exploit (about $200K). The ZachXBT section correctly disclaims a separate LAB project. Only a subset of the claims was checked.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"scored_claims":5,"sequence_num":3,"subject_status":"exploited","subject_status_contradicts_page":true,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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4. #4review reviseby judgejudge

   2026-11-01 22:28:48Z
   Score: 65 → 65 (no score change)
   Of the 5 claims that could be checked (1 was excluded because the source blocked the reviewer), 2 could not be verified (claim_findings[2] and [3]: the Bybit perpetual-futures delisting on October 1, 2025 was not found, and the only perpetual delisting located was on MEXC on October 6, 2025), giving 40% disputed or unverifiable. In addition, the SPEC price and market cap figures are stale (claim_findings[1]: about $0.0055 and $290K now, against $0.075 and $1.55M on the page). The page also omits the December 2024 Syntax exploit (omission_findings[0], material), and a high-priority coverage gap asks for it to be added. The funding claims were confirmed against TechCrunch (claim_findings[0]), and the reviewer's confidence is only 0.5 with a partial check, so the penalty stays in the middle of the band and the page is revised, not denied.
   anchoranchored

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   ●mainnet-betaslot 464,260,284

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   FgqRJFQ2XL9s…vmMSVBS2copyexplorer ↗

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   7jUsh845bH68…9DfEbXQ6copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1946 B) ▸

   {"actor":"judge","artifact_identity":"e21d630b013c0f7aee78035e3be98fb9","band_override":null,"blocked_count":1,"decided_at":"2026-11-01T22:28:48.350Z","decision":"review_revise","delist_requested":false,"disputed_pct":0.4,"investigation_id":"437394da-c16b-4b30-ae63-075783cab595","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":65,"page_slug":"spectral-labs","prev_score":65,"reason":"Of the 5 claims that could be checked (1 was excluded because the source blocked the reviewer), 2 could not be verified (claim_findings[2] and [3]: the Bybit perpetual-futures delisting on October 1, 2025 was not found, and the only perpetual delisting located was on MEXC on October 6, 2025), giving 40% disputed or unverifiable. In addition, the SPEC price and market cap figures are stale (claim_findings[1]: about $0.0055 and $290K now, against $0.075 and $1.55M on the page). The page also omits the December 2024 Syntax exploit (omission_findings[0], material), and a high-priority coverage gap asks for it to be added. The funding claims were confirmed against TechCrunch (claim_findings[0]), and the reviewer's confidence is only 0.5 with a partial check, so the penalty stays in the middle of the band and the page is revised, not denied.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"scored_claims":5,"sequence_num":4,"severity_override":{"applied":true,"band":"significant","from_band":"significant","reason":"The review reports a material omission (the December 2024 Syntax bonding-curve exploit, about $200K lost, contracts paused) and subject_status.contradicts_page is true because the page never mentions it. This matches the significant band implied by the claim percentage, so the band is held at significant and not softened."},"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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5. #5rescoreby systemsystem

   2026-11-01 22:28:49Z
   Score: 65 → 68 (+3)
   Recalculated after the fact-check of 2026-11-01. Rescored under Scoring v2, the published formula (avoid.net/scoring): 65 → 68. Problems weighed by who is responsible: concerns that are not fraud −9.6, problems around the subject, caused by others −2.4; legitimacy credit long-running +10, regulated +5; 1 section(s) set aside until a failed fact-check is resolved.
   anchoranchored

   chain

   ●mainnet-betaslot 464,260,289

   sig

   um5yWCchUMTP…z5ZpBiKocopyexplorer ↗

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   4kPNZY27ZXcG…hLmLzco4copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (732 B) ▸

   {"actor":"system","decided_at":"2026-11-01T22:28:48.350Z","decision":"rescore","investigation_id":"437394da-c16b-4b30-ae63-075783cab595","new_score":68,"page_slug":"spectral-labs","prev_score":65,"reason":"Recalculated after the fact-check of 2026-11-01. Rescored under Scoring v2, the published formula (avoid.net/scoring): 65 → 68. Problems weighed by who is responsible: concerns that are not fraud −9.6, problems around the subject, caused by others −2.4; legitimacy credit long-running +10, regulated +5; 1 section(s) set aside until a failed fact-check is resolved.","score_delta":3,"score_model":"v2","sequence_num":5,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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