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{"actor":"system:backfill","investigation_id":"ee4924e8-622e-4e9e-9d11-18e811872122","kind":"publish","page_slug":"eesee","published_at":"2026-05-30T04:58:29.821Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Eesee (Abandoned NFT Marketplace by LAB Founders)","sections":[{"content":"Eesee was founded in 2023 by CEO Vova Sadkov, with Mark X (X handle @tokensaler) serving as co-founder. The platform was described as a gamified NFTFi and SocialFi marketplace designed to improve liquidity for digital asset sellers through a ticket-based raffle system. It operated across Ethereum, Blast (a Layer 2), and Polygon. The native utility token, $ESE, was used for platform transactions and governance within the Eesee DAO. Eesee also featured an Initial Raffle Offering (IRO) launchpad for new token launches. The team included CTO Alex Stephan and CMO Alex Grigorev. The company was based in Dubai.","heading":"Project Overview","severity":"low","sources":[{"credibility":2,"name":"Eesee Raises $2.85 Million - Crypto.news","type":"news_article","url":"https://crypto.news/eesee-closes-2-85m-investment-to-integrate-gamification-into-marketplace/"},{"credibility":2,"name":"Eesee Platform Review: The Blast-Based Launchpad - BSC News","type":"news_article","url":"https://bsc.news/post/eesee-launchpad"}]},{"content":"Eesee raised a total of $2.85 million across two pre-TGE rounds. A seed round of $1.1 million closed in April 2023, followed by a private round of $1.75 million that closed in January 2024. Reported investors included SevenX Ventures, Animoca Brands, Maven Capital, Contango Digital Assets, MetaBros, Momentum 6, and BasementDAO. The public round sold 0.86% of total token supply at $0.018 per token with a 25% TGE unlock and 3-month linear vesting, raising approximately $155,000.","heading":"Funding and Investors","severity":"low","sources":[{"credibility":2,"name":"NFT liquidity solution Eesee completed US$2.85 million in financing - Cointime","type":"news_article","url":"https://www.cointime.ai/flash-news/nft-liquidity-solution-eesee-completed-us-26050"},{"credibility":2,"name":"Eesee (ESE) IDO Funding Rounds, Token Sale Review & Tokenomics - CryptoRank","type":"research","url":"https://cryptorank.io/ico/eesee"},{"credibility":2,"name":"Eesee (ESE) Token Unlocks and Vesting - CryptoRank","type":"research","url":"https://cryptorank.io/price/eesee/vesting"}]},{"content":"The ESE token generation event (TGE) concluded on April 11, 2024, with the token listing simultaneously on ByBit, KuCoin, MEXC, and Gate.io. The token reached an all-time high of approximately $0.149 on April 12, 2024. As of May 2026, the token trades around $0.008–0.009, representing a decline of approximately 93–94% from its peak. The all-time low of approximately $0.0007876 was recorded on February 4, 2026. Market capitalization as of late May 2026 is approximately $5.7–6.1 million. Within 90 days of mainnet launch, Eesee reported connecting 2 million wallets and processing $123.58 million in transactions, though these figures have not been independently verified.","heading":"Token Launch and Price Performance","severity":"medium","sources":[{"credibility":2,"name":"Eesee Price: ESE/USD Live Price Chart - CoinGecko","type":"on_chain","url":"https://www.coingecko.com/en/coins/eesee"},{"credibility":2,"name":"Gamified marketplace Eesee native token to list on ByBit, KuCoin and more - CryptoNews","type":"news_article","url":"https://cryptonews.com/news/gamified-marketplace-eesee-native-token-to-list-on-bybit-kucoin-and-more.htm"}]},{"content":"Multiple sources allege that the Eesee founders effectively abandoned the project within approximately one year of its April 2024 token launch, pivoting to launch the LAB token in late 2025. Simon Dedic, an angel investor in Eesee who identified himself publicly as having invested in the project, stated on May 10, 2026 via X (Twitter): 'Sell your $LAB. The same founders launched $ESE just one year earlier, and that chart speaks for itself. Abandoning your project that quickly just to launch the next value extraction cycle is not necessarily what I'd consider founder behavior worth betting on.' Dedic further alleged that 'investors got screwed over: vesting terms were changed right before TGE, and there were last-minute refunds so they could maximize the low-float high-FDV ponzi playbook.' ZachXBT's May 2026 investigation into LAB Token cited Eesee as direct precedent for the founders' alleged pattern of project abandonment. According to reporting on ZachXBT's investigation, the same exchange accounts that received LAB-related fund flows were previously linked to Sadkov's ENS name (vovaxx.eth) and to Eesee-era deposits, suggesting financial continuity across the two projects.","heading":"Alleged Project Abandonment and Investor Harm","severity":"high","sources":[{"credibility":3,"name":"Simon Dedic on X - Warning about LAB founders and ESE","type":"social_media","url":"https://x.com/sjdedic/status/2053431917052154201/photo/2"},{"credibility":2,"name":"ZachXBT Alleges 95% LAB Token Are Controlled by Insiders - CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/14/zachxbt-alleges-95-lab-token-are-controlled-by-insiders/"},{"credibility":2,"name":"New Worrying Connections Discovered in the Suspicious Altcoin - Bitcoin Sistemi","type":"news_article","url":"https://en.bitcoinsistemi.com/new-worrying-connections-discovered-in-the-suspicious-altcoin-of-recent-days/"}]},{"content":"ZachXBT's May 14, 2026 investigation into the LAB Token explicitly referenced Eesee as a prior project by the same founders. On-chain analysis alleged that wallets associated with Vova Sadkov — identified through his ENS name vovaxx.eth and associated exchange deposit addresses on Bybit, Gate.io, and other CEXs — received funds linked to both Eesee and LAB operations. According to reporting on ZachXBT's findings, approximately 21 million ESE tokens were allegedly cashed out through centralized exchanges from wallets linked to Sadkov. Stablecoin transfers totaling approximately $192,000 in USDT and USDC were documented moving between wallet addresses reportedly linked to Sadkov and those connected to LAB's investors. The same financial infrastructure — including exchange accounts and wallet clusters — was alleged to be shared across the two projects. These are ZachXBT's allegations and have not been independently verified in court filings or regulatory proceedings.","heading":"On-Chain Links to LAB Token Investigation","severity":"high","sources":[{"credibility":1,"name":"ZachXBT alleges 95% insider control of LAB token - The Block","type":"news_article","url":"https://www.theblock.co/post/401290/zachxbt-alleges-95-insider-control-of-lab-token-in-investigation-into-ai-terminals-6-billion-fdv-project"},{"credibility":2,"name":"ZachXBT Says 95% of LAB Token Is Insider-Controlled - Bitcoin News","type":"news_article","url":"https://news.bitcoin.com/zachxbt-lab-token-insider-control-bitget-investigation-2026/"},{"credibility":2,"name":"ZachXBT Breaks Down LAB's $6B FDV - NullTX","type":"news_article","url":"https://nulltx.com/zachxbt-breaks-down-labs-6b-fdv-how-insiders-controlled-supply-and-profits/"},{"credibility":2,"name":"On-chain investigator ZachXBT accuses LAB founder Vova Sadkov - Whale Alert","type":"news_article","url":"https://whale-alert.io/stories/89b101826b67ea/On-chain-investigator-ZachXBT-accuses-LAB-founder-Vova-Sadkov-of-coordinating-market-manipulation-across-Bitget-Bybit-Binance-and-OKX-offers-10000-bounty-for-evidence"}]},{"content":"Vova Sadkov (X: @vsadkovv) is identified as the founder and CEO of Eesee and a co-founder of LAB Token. He is described as UAE-based and has approximately 133,400 X followers as of May 2026. His ENS name vovaxx.eth is cited in ZachXBT's on-chain analysis as a linking identifier across both projects. Mark X (X: @tokensaler) is identified as co-founder of both Eesee and LAB Token. He is described as a Dubai-based 'Listing & Marketing Advisor' with approximately 16,100 X followers. ZachXBT's investigation documented Mark X allegedly soliciting OTC buyers for LAB tokens in a public Telegram group, offering tokens at 60% discounts to market price. No regulatory actions or law enforcement proceedings against either individual have been publicly documented as of May 2026.","heading":"Key Individuals","severity":"medium","sources":[{"credibility":2,"name":"ZachXBT Alleges 95% LAB Token Are Controlled by Insiders - CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/14/zachxbt-alleges-95-lab-token-are-controlled-by-insiders/"},{"credibility":3,"name":"Vova Sadkov - LAB | LinkedIn","type":"other","url":"https://www.linkedin.com/in/vovaxx/"}]},{"content":"As of May 2026, the Eesee website (eesee.io) remains accessible and shows launchpad activity, but the project has not issued public communications about its development roadmap since the founders transitioned focus to LAB Token in late 2025. The ESE token continues to trade on secondary markets with low liquidity. No formal wind-down announcement or return of investor capital has been publicly documented. The platform's social media presence on X and LinkedIn reflects activity primarily from the 2023–2024 period.","heading":"Current Platform Status","severity":"medium","sources":[{"credibility":2,"name":"Eesee - Official Website","type":"official","url":"https://eesee.io/"},{"credibility":2,"name":"Eesee Price Today - CoinGecko","type":"on_chain","url":"https://www.coingecko.com/en/coins/eesee"}]}],"sources_used":[{"credibility":1,"name":"ZachXBT alleges 95% insider control of LAB token - The Block","type":"news_article","url":"https://www.theblock.co/post/401290/zachxbt-alleges-95-insider-control-of-lab-token-in-investigation-into-ai-terminals-6-billion-fdv-project"},{"credibility":2,"name":"ZachXBT Says 95% of LAB Token Is Insider-Controlled - Bitcoin News","type":"news_article","url":"https://news.bitcoin.com/zachxbt-lab-token-insider-control-bitget-investigation-2026/"},{"credibility":2,"name":"ZachXBT Alleges 95% LAB Token Are Controlled by Insiders - CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/14/zachxbt-alleges-95-lab-token-are-controlled-by-insiders/"},{"credibility":2,"name":"LAB insiders tighten grip as ZachXBT rips into exchange-fueled token game - Crypto.news","type":"news_article","url":"https://crypto.news/lab-insiders-tighten-grip-as-zachxbt-rips-into-exchange-fueled-token-game/"},{"credibility":2,"name":"ZachXBT Breaks Down LAB's $6B FDV - NullTX","type":"news_article","url":"https://nulltx.com/zachxbt-breaks-down-labs-6b-fdv-how-insiders-controlled-supply-and-profits/"},{"credibility":2,"name":"ZachXBT Says LAB Insiders Control Nearly All Tokens - Crypto Economy","type":"news_article","url":"https://crypto-economy.com/zachxbt-says-lab-insiders-control-nearly-all-tokens-in-6b-pump/"},{"credibility":2,"name":"New Worrying Connections Discovered in the Suspicious Altcoin - Bitcoin Sistemi","type":"news_article","url":"https://en.bitcoinsistemi.com/new-worrying-connections-discovered-in-the-suspicious-altcoin-of-recent-days/"},{"credibility":2,"name":"On-chain investigator ZachXBT accuses LAB founder Vova Sadkov - Whale Alert","type":"news_article","url":"https://whale-alert.io/stories/89b101826b67ea/On-chain-investigator-ZachXBT-accuses-LAB-founder-Vova-Sadkov-of-coordinating-market-manipulation-across-Bitget-Bybit-Binance-and-OKX-offers-10000-bounty-for-evidence"},{"credibility":2,"name":"Eesee Raises $2.85 Million - Crypto.news","type":"news_article","url":"https://crypto.news/eesee-closes-2-85m-investment-to-integrate-gamification-into-marketplace/"},{"credibility":2,"name":"NFT liquidity solution Eesee completed US$2.85 million in financing - Cointime","type":"news_article","url":"https://www.cointime.ai/flash-news/nft-liquidity-solution-eesee-completed-us-26050"},{"credibility":2,"name":"Gamified marketplace Eesee native token to list on ByBit, KuCoin and more - CryptoNews","type":"news_article","url":"https://cryptonews.com/news/gamified-marketplace-eesee-native-token-to-list-on-bybit-kucoin-and-more.htm"},{"credibility":2,"name":"Eesee Price: ESE/USD Live Price Chart - CoinGecko","type":"on_chain","url":"https://www.coingecko.com/en/coins/eesee"},{"credibility":2,"name":"Eesee (ESE) Token Unlocks and Vesting - CryptoRank","type":"research","url":"https://cryptorank.io/price/eesee/vesting"},{"credibility":2,"name":"Eesee (ESE) IDO Funding Rounds, Token Sale Review - CryptoRank","type":"research","url":"https://cryptorank.io/ico/eesee"},{"credibility":2,"name":"Eesee - Official Website","type":"official","url":"https://eesee.io/"},{"credibility":3,"name":"Simon Dedic on X - Warning about LAB founders and ESE","type":"social_media","url":"https://x.com/sjdedic/status/2053431917052154201/photo/2"},{"credibility":1,"name":"ZachXBT accuses projects like LAB of highly questionable price action - The Block","type":"news_article","url":"https://www.theblock.co/post/400465/zachxbt-accuses-projects-like-lab-of-highly-questionable-price-action-posts-10000-bounty-for-info-on-alleged-market-manipulation"}],"summary":"Eesee was a gamified NFT marketplace and launchpad launched in April 2024 on the Blast blockchain by Vova Sadkov and Mark X, raising $2.85 million from investors including SevenX Ventures and Animoca Brands. The platform's native ESE token reached an all-time high of approximately $0.149 in April 2024 before declining more than 93% from peak. The same founders are identified in a May 2026 ZachXBT investigation into LAB Token, where Eesee is cited as evidence of a serial project abandonment pattern involving repeated investor harm across successive crypto ventures.","timeline":[{"date":"2023-04-01","event":"Eesee closes $1.1 million seed round from investors including SevenX Ventures and Maven Capital.","source":"Crypto.news","source_url":"https://crypto.news/eesee-closes-2-85m-investment-to-integrate-gamification-into-marketplace/"},{"date":"2024-01-10","event":"Eesee announces total funding of $2.85 million, including a $1.75 million private round with additional investors including Animoca Brands.","source":"BusinessWire","source_url":"https://www.businesswire.com/news/home/20240110097379/en/Eesee-Raises-$2.85-Million-to-Bring-Gamified-Experiences-to-Sellers-Across-the-Crypto-Market"},{"date":"2024-04-11","event":"Eesee mainnet launches and ESE token generation event (TGE) completes. Token lists simultaneously on ByBit, KuCoin, MEXC, and Gate.io.","source":"CryptoNews","source_url":"https://cryptonews.com/news/gamified-marketplace-eesee-native-token-to-list-on-bybit-kucoin-and-more.htm"},{"date":"2024-04-12","event":"ESE token reaches all-time high of approximately $0.149.","source":"CoinGecko","source_url":"https://www.coingecko.com/en/coins/eesee"},{"date":"2025-10-01","event":"LAB Token launches, founded by the same individuals who founded Eesee: Vova Sadkov and Mark X.","source":"NullTX","source_url":"https://nulltx.com/zachxbt-breaks-down-labs-6b-fdv-how-insiders-controlled-supply-and-profits/"},{"date":"2026-02-04","event":"ESE token hits all-time low of approximately $0.0007876.","source":"CoinGecko","source_url":"https://www.coingecko.com/en/coins/eesee"},{"date":"2026-05-10","event":"Simon Dedic, an angel investor in Eesee, publicly warns on X to sell LAB, citing the founders' prior abandonment of Eesee and alleged vesting term changes that harmed investors.","source":"X (Twitter) via CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/14/zachxbt-alleges-95-lab-token-are-controlled-by-insiders/"},{"date":"2026-05-14","event":"ZachXBT publishes investigation into LAB Token alleging 95%+ insider supply control, citing Eesee as a prior abandoned project by the same founders and presenting on-chain evidence linking both projects through shared wallet infrastructure.","source":"The Block","source_url":"https://www.theblock.co/post/401290/zachxbt-alleges-95-insider-control-of-lab-token-in-investigation-into-ai-terminals-6-billion-fdv-project"}]},"v":1}