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Bitget Under Fire As $480M In LAB Tokens Leave The Exchange Here is the quick version for your morning coffee.
Ten fresh crypto wallets just pulled about $480 million worth of a token called LAB off the Bitget exchange in a 12-hour stretch. On-chain trackers say that haul was roughly a third of all the LAB in circulation.
That is a lot, and it has reignited an old fight between Bitget and one of the loudest watchdogs in crypto, the investigator known as ZachXBT. A wallet is just an address that holds tokens.
An exchange is the trading venue where people buy and sell those tokens. When a brand-new wallet suddenly grabs a huge chunk of a coin, analysts pay attention because it can signal coordination behind the scenes.
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