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{"actor":"system:backfill","investigation_id":"f11b411a-5c29-40ab-bd59-08ec27ad0565","kind":"publish","page_slug":"siren","published_at":"2026-05-28T17:49:55.821Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Siren (SIREN)","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://news.bitcoin.com/zachxbt-bitget-supply-control-manipulation-rave-river-siren-lab-2026/","type":"other","url":""},{"credibility":3,"name":"https://cryptopotato.com/siren-tanks-70-in-a-single-day-as-zachxbt-and-bubblemaps-sound-the-alarm/","type":"other","url":""},{"credibility":3,"name":"https://yellow.com/news/siren-token-price-crash-supply-risk","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2026/03/24/binance-listed-siren-token-rallies-30x-heres-why-you-should-stay-away/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://news.bitcoin.com/bubblemaps-flags-heavy-token-concentration-as-siren-rally-draws-scrutiny/","type":"other","url":""},{"credibility":3,"name":"https://www.ainvest.com/news/siren-token-plummets-70-cluster-controls-supply-2603/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/caf53-siren-token-plunge-centralized-supply","type":"other","url":""},{"credibility":3,"name":"https://phemex.com/news/article/siren-token-supply-dominated-by-single-entity-suspected-to-be-dwf-labs-68351","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptopotato.com/siren-tanks-70-in-a-single-day-as-zachxbt-and-bubblemaps-sound-the-alarm/","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2026/03/24/binance-listed-siren-token-rallies-30x-heres-why-you-should-stay-away/","type":"other","url":""},{"credibility":3,"name":"https://www.banklesstimes.com/articles/2026/03/25/siren-coin-price-doubles-overnight-but-risks-loom-large/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-siren-protocol-hack-september-2021","type":"other","url":""},{"credibility":3,"name":"https://quadrigainitiative.com/casestudy/sirenmarketreentrancybug.php","type":"other","url":""},{"credibility":3,"name":"https://medium.com/siren-markets/siren-incident-report-264e57f16d7","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://uploads-ssl.webflow.com/610fc6a1e961affb229320ba/61342a98afe965652f0fcb5b_Siren%20Markets.pdf","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-siren-protocol-hack-september-2021","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://bingx.com/en/learn/article/what-is-siren-ai-siren-on-bnb-chain-how-to-buy","type":"other","url":""},{"credibility":3,"name":"https://phemex.com/academy/siren-crypto-two-tokens-siren-protocol-vs-siren-token","type":"other","url":""},{"credibility":3,"name":"https://www.ainvest.com/news/siren-siren-chain-ai-agent-launches-dual-personas-bnb-chain-2603/","type":"other","url":""}]}],"sources_used":[{"credibility":2,"name":"ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud — Bitcoin.com News","type":"news_article","url":"https://news.bitcoin.com/zachxbt-bitget-supply-control-manipulation-rave-river-siren-lab-2026/"},{"credibility":2,"name":"SIREN Tanks 70% in a Single Day as ZachXBT and Bubblemaps Sound the Alarm — CryptoPotato","type":"news_article","url":"https://cryptopotato.com/siren-tanks-70-in-a-single-day-as-zachxbt-and-bubblemaps-sound-the-alarm/"},{"credibility":2,"name":"SIREN Loses 70% After Investigators Flag Wallet Cluster — Yellow.com","type":"news_article","url":"https://yellow.com/news/siren-token-price-crash-supply-risk"},{"credibility":2,"name":"Warning: Binance-Listed Siren Token Rallies 30X — Here's Why You Should Stay Away — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/03/24/binance-listed-siren-token-rallies-30x-heres-why-you-should-stay-away/"},{"credibility":2,"name":"Bubblemaps Flags Heavy Token Concentration as SIREN Rally Draws Scrutiny — Bitcoin.com News","type":"news_article","url":"https://news.bitcoin.com/bubblemaps-flags-heavy-token-concentration-as-siren-rally-draws-scrutiny/"},{"credibility":2,"name":"SIREN Token Supply Dominated by Single Entity Suspected to be DWF Labs — Phemex News","type":"on_chain","url":"https://phemex.com/news/article/siren-token-supply-dominated-by-single-entity-suspected-to-be-dwf-labs-68351"},{"credibility":2,"name":"SIREN Token Plummets 70% As Cluster Controls Nearly Half Of Supply — Ainvest","type":"news_article","url":"https://www.ainvest.com/news/siren-token-plummets-70-cluster-controls-supply-2603/"},{"credibility":2,"name":"SIREN Token Plummets 70% In Shocking Centralization Allegations on BNB Chain — CryptoRank","type":"news_article","url":"https://cryptorank.io/news/feed/caf53-siren-token-plunge-centralized-supply"},{"credibility":2,"name":"Explained: The SIREN Protocol Hack (September 2021) — Halborn Security","type":"research","url":"https://www.halborn.com/blog/post/explained-the-siren-protocol-hack-september-2021"},{"credibility":2,"name":"Sep 2021 - Siren Market Reentrancy Bug - $3.5m — Quadriga Initiative Case Study","type":"research","url":"https://quadrigainitiative.com/casestudy/sirenmarketreentrancybug.php"},{"credibility":2,"name":"SIREN Incident Report — Siren Markets Official (Medium/Blog)","type":"official","url":"https://medium.com/siren-markets/siren-incident-report-264e57f16d7"},{"credibility":1,"name":"August 2021 Quantstamp Security Audit of Siren Markets V2 — Quantstamp","type":"research","url":"https://uploads-ssl.webflow.com/610fc6a1e961affb229320ba/61342a98afe965652f0fcb5b_Siren%20Markets.pdf"},{"credibility":2,"name":"ZachXBT Accuses Bitget of Token Supply Manipulation — GNCrypto News","type":"news_article","url":"https://www.gncrypto.news/news/zachxbt-accuses-bitget-token-supply-manipulation/"},{"credibility":2,"name":"DWF Labs invested $541,000 to acquire 3 million SIREN Tokens — Gate.com News","type":"news_article","url":"https://www.gate.com/news/detail/10794741"},{"credibility":2,"name":"Siren Crypto: SI Token vs SIREN Token Crash Explained — Phemex Academy","type":"research","url":"https://phemex.com/academy/siren-crypto-two-tokens-siren-protocol-vs-siren-token"},{"credibility":1,"name":"ZachXBT Alleges 95% LAB Token Insider Control (contextual, names SIREN as related) — 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"}],"summary":"SIREN is a BNB Chain-based token launched in early 2025, marketed as an on-chain AI agent analyst. In March 2026, blockchain investigator ZachXBT and analytics firm Bubblemaps identified that a single wallet cluster controlled nearly 50% of the circulating supply and linked those wallets on-chain to DWF Labs, alleging coordinated market manipulation. The token subsequently crashed over 70% from its all-time high within 24 hours. The SIREN name is also shared by a separate, earlier Ethereum-based DeFi options protocol (Siren Markets) that suffered a $3.5 million reentrancy exploit in September 2021.","timeline":[{"date":"2020-12","event":"Siren Markets options protocol code first published on GitHub.","source":""},{"date":"2021-08-02","event":"Quantstamp completes security audit of Siren Markets V2, flagging two high severity issues; team proceeds with deployment.","source":""},{"date":"2021-09-03","event":"Siren Markets AMM pools exploited via reentrancy attack; approximately $3.5 million in KNC, SUSHI, USDC, WETH, WMATIC, and UNI drained from Polygon pools. 26 LP addresses affected.","source":""},{"date":"2025-02","event":"2026 BNB Chain SIREN AI agent token launched; major wallet cluster begins accumulating supply via PancakeSwap.","source":""},{"date":"2025-06","event":"Second major accumulation phase by suspected controlling wallet cluster.","source":""},{"date":"2026-02","event":"SIREN listed and gains attention as Binance Meme Liquidity Support Plan project.","source":""},{"date":"2026-03-10","event":"SIREN token trading at approximately $0.40 on BNB Chain.","source":""},{"date":"2026-03-14","event":"Persistent negative funding rates observed on Binance and Bybit, indicating short sellers subsidizing leveraged longs.","source":""},{"date":"2026-03-22","event":"SIREN reaches all-time high of $3.65, pushing market cap above $2.2 billion; token ranks in top 40 by market cap.","source":""},{"date":"2026-03-23","event":"Bubblemaps publishes warning that a single cluster controls nearly 50% of SIREN supply (~$1.5B at peak). On-chain analyst Yu Jin reports 52 of top 54 holder addresses belong to one entity. ZachXBT links cluster wallets to DWF Labs.","source":""},{"date":"2026-03-24","event":"SIREN crashes over 70% to below $1.00 within 24 hours. Over $7 million in forced liquidations across Binance ($2.4M) and Bybit ($4.7M). Token falls outside top-80 by market cap.","source":""},{"date":"2026-05","event":"ZachXBT names SIREN alongside RAVE, RIVER, and LAB in broader investigation into Bitget-enabled market maker supply manipulation, accusing Bitget founder Shawn Liu of enabling the scheme.","source":""}]},"v":1}