ZachXBT Accuses Bitget Stakeholder of Enabling Scams on the Platform

• ZachXBT says Shawn Liu and Gracy Chen are behind the repeated platform exploits.
• According to ZachXBT, Bitget inflated LAB’s value to bait retail before the exploit.
• Bitget supporters called ZachXBT a racist for calling out the cryptocurrency exchange.

Renowned blockchain investigator, ZachXBT, has launched an attack on Bitget over a recent exploit on the centralized exchange. ZachXBT accused the exchange of inflating LAB’s value to bait retail. He likened the situation to CEXs bundling 90%-plus in meme coins with low liquidity, and any notable sell would nuke the chart.

Bitget is Involved in Another Exploit

ZachXBT made the allegation while discussing the latest exploit on Bitget involving the withdrawal of 100 million LAB, equivalent to $480.33 million, reflecting 32.26% of the crypto token’s circulating supply. The on-chain investigator accused the BGX …

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