#lab

The post Bitget Faces ZachXBT Firestorm After $480M LAB Withdrawals appeared on BitcoinEthereumNews.com. Bitget Faces ZachXBT Firestorm After $480M LAB Withdrawals Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin’s financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitget-zachxbt-firestorm-480-million-la

Bitget is facing renewed scrutiny after Lookonchain reported that ten fresh wallets withdrew 100 million LAB tokens, worth about $480.33 million, from the exchange over a 12-hour window. The transfers represented 32.26% of LAB’s circulating supply, according to the on-chain tracker, adding fresh fuel to allegations from ZachXBT and other analysts that LAB trading activity […]

The post Bitget Under Fire As $480m Withdrawal From Lab Sparks Allegations Of Coordinated Exchange Action appeared on BitcoinEthereumNews.com. With a wave of suspicious on-chain transactions connected to Bitget, the crypto market is finding itself once again faced with accusations of lack of transparency and practices by centralized exchanges. Massive 500 million withdrawn from CEXs, abundant discussions about the potential “Price Manipulation” on Centralized platforms have reemerged. ZachXBT Dives Deeper into $LAB Token Scandal: Offers Bounty Following Market Manipulation Allegations Central to the controversy are allegations of collusion, opaque business practices and what some observers now call a Chinese CEX cartel dynamic at play.   Another Under-Collateralised Protocol at A Glance Blockchain analytics firm Lookonchain revealed the incident after noticing a strange pattern of transactions In their analysis, they found that 10 newly created wallets withdrew a total of 100 million L