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{"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}