Altcoin suspected of scamming continues to reveal shocking details, crypto community growing increasingly concerned
⚠️ LAB remains under transparency scrutiny
On-chain researcher Eye has made additional allegations surrounding the LAB project, following earlier warnings from ZachXBT. According to Eye, an OTC deal related to the distribution of LAB tokens was shared in the Telegram group "Cybertim Ventures", with vesting terms matching those of early investor allocations. This raises suspicions that someone has sold part of LAB at a discount of about 50%.
🔍 Wallets linked to the founder under scrutiny for cash flow
Eye claims that some wallets associated with LAB have direct links to Vova Sadkov, who was behind the eesee project. These wallets are alleged to have dumped around 21 million ESE across multiple centralized exchanges, valued at approximately $123,400.
💸 Suspicions of personal stablecoin transfers
Furthermore, Eye indicated that a wallet previously associated with the LAB team had transactions with early investors, while transferring around $192,000 USDT/USDC to personal addresses suspected to belong to Sadkov. This remains an on-chain allegation, and LAB has not yet provided an official response.
⚠️ LAB remains under transparency scrutiny
On-chain researcher Eye has made additional allegations surrounding the LAB project, following earlier warnings from ZachXBT. According to Eye, an OTC deal related to the distribution of LAB tokens was shared in the Telegram group "Cybertim Ventures", with vesting terms matching those of early investor allocations. This raises suspicions that someone has sold part of LAB at a discount of about 50%.
🔍 Wallets linked to the founder under scrutiny for cash flow
Eye claims that some wallets associated with LAB have direct links to Vova Sadkov, who was behind the eesee project. These wallets are alleged to have dumped around 21 million ESE across multiple centralized exchanges, valued at approximately $123,400.
💸 Suspicions of personal stablecoin transfers
Furthermore, Eye indicated that a wallet previously associated with the LAB team had transactions with early investors, while transferring around $192,000 USDT/USDC to personal addresses suspected to belong to Sadkov. This remains an on-chain allegation, and LAB has not yet provided an official response.
