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Update 4: On July 13 the entity withdrew 17.9M LAB ($7.2M) from Bitget to Kucoin deposit address 0xad768f0C6B93b6172906cBb1C450D984614bFD23. Within minutes of the deposits 5M /…

ZachXBT
Published: 2026-07-14 06:56 UTC
Collected: 2026-11-01 21:38 UTC
Original language: Not supplied by source
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Update 4: On July 13 the entity withdrew 17.9M LAB ($7.2M) from Bitget to Kucoin deposit address 0xad768f0C6B93b6172906cBb1C450D984614bFD23. Within minutes of the deposits 5M / 17.9M LAB total was w…

Update 4: On July 13 the entity withdrew 17.9M LAB ($7.2M) from Bitget to Kucoin deposit address 0xad768f0C6B93b6172906cBb1C450D984614bFD23. Within minutes of the deposits 5M / 17.9M LAB total was withdrawn from Kucoin to 0x116a7157f06580abe08ab616bd195b8a78e935e8 and the entity began market selling via Aster spot which briefly caused the LAB price to drop another 35% from $0.34 to $0.22. The remaining LAB is still sitting in Kucoin wallets. I suspect the entity changed up its fingerprints to obfuscate the funding source after my recent update.

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