LAB Token (Vova Sadkov)
Summary
LAB is a Dubai-based AI trading terminal project whose native token surged over 350% in 72 hours to a $6 billion fully diluted valuation in May 2026 before collapsing 77% on June 2, 2026, erasing roughly $6 billion in market value. On-chain investigator ZachXBT published findings in May 2026 alleging that insiders — including founder Vova Sadkov (Vladimir Sadkov) and co-founder Mark X — controlled over 95% of the token's circulating supply through opaque OTC loans, unilateral vesting changes, and coordination with Bitget exchange infrastructure. No formal regulatory action has been confirmed as of June 2026; Sadkov and the LAB team did not issue a public rebuttal to the allegations.
Connected Entities
1 entities · 10 linked investigations- + 5 more
Timeline(16 events)
2024-04-01
Vova Sadkov and Mark X launch Eesee ($ESE), a gamified NFT marketplace on the Blast blockchain.
ZachXBT investigation via Crypto Times2025-02-24
LAB seed round closes, raising $2.3 million from backers including Amber Group, Selini Capital, Re7 Capital, and Cypher Capital.
ICO Drops2026-01-06
Mark X solicits OTC deals publicly in Telegram group 'FOUNDER APP Buy/Sell Traffic,' offering 60% discount with 2-month cliff when LAB trades at approximately $1.87.
ZachXBT investigation via Crypto Times2026-03-01
Alleged insider wallets begin depositing LAB tokens into Bitget deposit addresses; between March and April 2026, approximately 226 million LAB tokens are deposited across five wallets.
ZachXBT investigation via Crypto Times2026-04-23
Gas-giver addresses fund ten fresh wallets, which ZachXBT later cites as coordinated preparation for the large token withdrawal from Bitget.
ZachXBT investigation via Crypto Times2026-05-03
LAB token surges approximately 364% in a single day around the time of a mobile app launch announcement, reaching a market cap of approximately $133 million and a fully diluted valuation approaching $1.74 billion.
Phemex Academy2026-05-11
One hundred million LAB tokens (approximately 32.26% of reported circulating supply) are withdrawn from Bitget to ten freshly created wallets within a 12-hour window, with each wallet receiving 8.6–10.8 million LAB valued at $41.5–$52.92 million per transfer.
Bitcoin News / ZachXBT investigation2026-05-12
ZachXBT publicly calls Bitget part of a 'Chinese CEX cartel' after the 100 million LAB token withdrawal, names Shawn Liu as Bitget's behind-the-scenes operator, and describes the price surge as preceded by insider accumulation.
Crypto Times2026-05-14
ZachXBT publishes comprehensive investigation alleging over 95% insider control of LAB token supply, documenting the BVI shell company, loan agreements at 7.5% monthly interest signed by Vladimir Sadkov, unilateral vesting changes, OTC deal solicitation, and on-chain connections to RIVER token manipulation.
Crypto Times / The Block / Bitcoin News2026-05-14
ZachXBT posts a $10,000 bounty for evidence identifying Vova Sadkov or proving market manipulation, demands Binance, Bitget, and Gate.io freeze insider profits or delist LAB.
Coinpedia / The Block2026-05-18
ZachXBT names RAVE, RIVER, SIREN, and LAB collectively as examples of Bitget-enabled market maker fraud using supply control manipulation.
Bitcoin News2026-06-01
LAB team announces a buyback program; LAB price rises from approximately $7.31 to $16.24 in 24 hours.
BeInCrypto2026-06-02
LAB crashes 77% within two hours, from an all-time high of $27.96 on MEXC to approximately $6, erasing roughly $6 billion in market value. On-chain analysis shows the dominant sell-side activity came from proxy contracts executing over 4,500 trades in the crash window, not retail holders.
BeInCryptoDecision Log
- hash: 8TcTVv4bFyxgGcwtMZfMN625VTmVfvDNqLwpjJ1w92n8
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/14/2026, 5:22:04 PM
last updated: 6/14/2026, 5:22:17 PM
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