According to a post by on-chain analyst ZachXBT (@zachxbt), $LAB's recent market cap surged to $6 billion FDV, but it hides serious issues: 1. Opaque token allocation: $LAB was co-founded by Vova Sadkov and Mark; their previous project, Eesee ($ESE), faced criticism from investors. Platforms such as CoinGecko, RootData, and CMC provide conflicting data on LAB token distribution, with over 95% of the supply controlled by a small number of parties. 2. Unilateral term changes: The team unilaterally extended the lock-up period for Legion’s public sale from 3 months to 9 months, and multiple creators report months of unresponded delays in marketing partnership payments. 3. Opaque private loans: LAB privately offers 6-month loan contracts with a monthly interest rate of 7.5%, borrowed by the BVI shell company The Lab Management Ltd., signed by Vova Sadkov as director, with repayment in LAB tokens at "market price" in case of default. 4. On-chain fund movements: The borrower’s wallet (0xf09c) is the same address as LAB’s public buyback wallet and is on-chain linked to another borrowing address (0x3185) on Wildcat platform; related funds appear to have flowed into Vova’s personal exchange account. ZachXBT notes that $LAB
ZachXBT Alleges Multiple Issues Behind $LAB's $60B FDV Surge
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Summary
Chain analyst ZachXBT has raised concerns about $LAB’s $60 billion FDV surge, citing opaque token distribution and unilateral contract modifications. On-chain data reveals suspicious fund transfers and a 7.5% monthly interest loan to a BVI shell company linked to co-founder Vova. On-chain analysis shows the loan wallet is connected to the project’s buyback wallet and potentially to Vova’s personal exchange account. Over 95% of tokens are controlled by a small number of entities, and the public sale lock-up period was extended from 3 to 9 months without notice.
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