ZachXBT Targets LAB Over Private Loans, Vesting Changes And Supply Control

On-chain investigator ZachXBT has escalated his scrutiny of LAB, alleging that the token’s recent surge to a multibillion-dollar fully diluted valuation was built on opaque financing, unclear float, unilateral vesting changes, market maker coordination, and heavy supply concentration.

In a new X investigation, ZachXBT framed LAB as an example of “retail extraction on major centralized exchanges.” He said the thread examined private loans and OTC activity, changes to investor terms, unknown circulating supply, and more than 95% supply control behind LAB’s recent move toward a reported $6 billion FDV.

The claims remain allegations unless independently confirmed by contracts, exchange records, loan documents, or direct project disclosures. Still, they add to an already active controversy around LAB after ZachXBT previously accused the token’s founder and related parties of centralized-exchange manipulation. Earlier coverage of LAB wallet withdrawals from Bitget showed how ten fresh wallets withdrew 100 million LAB, worth about $480 million at the time, in a movement that represented 32.26% of reported circulating supply.

Loans, Vesting And Supply Figures Draw Scrutiny

The latest allegation centers partly on private loan structures. A TechFlow summary of ZachXBT’s thread said LAB had privately offered loan agreements with a 7.5% monthly interest rate and a six-month term. The borrower was identified as BVI shell company The Lab Management Ltd., with Vova Sadkov signing as director, while default repayment would be made in LAB tokens at “market price.”

ZachXBT also alleged that LAB’s public buyback wallet, identified as 0xf09c in the thread summary, overlapped with the borrower wallet and showed links to another borrowing address, 0x3185, associated with Wildcat. The concern is not only the loan itself, but whether treasury, buyback, borrowing, and personal exchange flows were separated clearly enough for retail traders to understand real supply and incentives.

Vesting changes added another pressure point. TechFlow said ZachXBT alleged that LAB’s team unilaterally extended Legion public-sale lockups from three months to nine months. Several creators also reportedly claimed delayed marketing payments with no response from the team.

Public market data adds to the opacity. Yellow.com’s LAB page recently showed a market cap near $406.7 million and circulating supply of 76.5 million LAB. MEXC’s LAB tokenomics page showed a much higher market cap near $1.68 billion, circulating supply around 309.95 million LAB, and FDV near $5.43 billion. Those differences matter because traders cannot properly price unlock risk, float, or sell pressure when circulating supply figures vary so sharply across public trackers.

Market Maker Claims Keep Exchange Oversight In Focus

ZachXBT’s latest thread follows his earlier $10,000 bounty for evidence tied to LAB market-making activity. A TradingView-hosted report said he sought contracts, chat records, and insider details related to LAB activity across Bitget spot, Bybit perpetuals, Binance perpetuals, and OKX perpetuals.

He also wrote that he does “not recommend trading these type of tokens at all,” according to the same report. That warning reflects the main risk in fast-rising tokens with concentrated supply: a chart can look strong while liquidity, float, and distribution remain controlled by a small group of insiders, market makers, or exchange-linked wallets.

LAB continued to trade with high volatility as the allegations spread. The token’s listed market cap, circulating supply, and FDV vary by data source, while the project has not provided a widely indexed public response directly addressing ZachXBT’s latest claims at the time of writing.

The next concrete evidence would be loan documents, market maker agreements, exchange deposit records, clarified vesting terms, and a verifiable circulating-supply breakdown from LAB or its trading partners. Until then, the LAB controversy remains a market-structure warning around opaque token float, controlled supply, and retail exposure to CEX-driven pumps.

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