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ZachXBT alleges insider control of LAB token
The Block·
Blockchain investigator ZachXBT has raised serious concerns regarding the $6 billion FDV project for the AI terminal's LAB token. An investigation suggests that insiders may control an overwhelming 95% of the token's supply. This alleged control is reportedly facilitated through undisclosed over-the-counter (OTC) deals, private loans, and the involvement of a market maker with a history of manipulation. Such a concentrated ownership structure could significantly impact the token's price stability and fair market trading, raising red flags for potential investors and the broader crypto community.
Tags
crypto
fintech
regulation
Original Source
The Block — theblock.co