Bitget is accused of failing to disclose the progress of the RAVE investigation, and LAB is accused of manipulating market data again.

On May 7th, CoinFeed reported that blockchain investigator ZachXBT publicly wrote to Gracy Chen, Managing Director of Bitget, stating that the community has not received any updates regarding the progress of the investigation into the RAVE token. Meanwhile, the LAB token is currently being accused of manipulating the market on Bitget's spot market through concentrated holdings and trading, suspected of "pump and dump" tactics. ZachXBT pointed out that every new token employing a similar model damages the overall reputation of the crypto industry and questioned whether centralized exchanges are condoning such behavior in pursuit of fees and trading volume. He also mentioned that contract products on Binance, OKX, and Bybit may also be involved in related transactions.