ZachXBT, a prominent blockchain investigator, has accused cryptocurrency exchange Bitget of permitting questionable active market makers to manipulate retail users through supply control schemes affecting multiple tokens including RAVE, RIVER, SIREN, and LAB.
According to ZachXBT's allegations, Bitget claims to be conducting investigations into the matter but has failed to provide the community with substantive updates regarding token manipulation activities. The accusation suggests a pattern of inadequate transparency from the exchange regarding the status and findings of these purported inquiries.
The allegations underscore ongoing concerns within the cryptocurrency industry regarding exchange compliance and market integrity protections for retail participants. Supply control manipulation schemes typically involve coordinated trading activity designed to artificially influence token prices and liquidity conditions, creating asymmetric information disadvantages for ordinary traders.