ZachXBT accuses the LAB team of manipulating CEX prices and harming the interests of retail investors.

CoinFeed reported on May 7th that blockchain investigator ZachXBT claims that the team behind the LAB token, LABtrade_, and its founder, vsadkovv, are manipulating prices on centralized exchanges like Bitget by concentrating large amounts of tokens to create "pump and dump" tactics. This manipulation is reportedly happening almost weekly, harming retail investors. ZachXBT stated that he attempted to contact them privately but received no response. He also alleges that the founder is simultaneously engaging in trading manipulation while posting "philosophical reflections" on social media. He argues that such behavior is further eroding the overall credibility of the crypto industry.