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Investigator names Bitget's real boss, warns of crackdown on Chinese crypto exchange cartel.

Market News
12 May 2026
Bitcoin
View Source
Bearish
pluang ai news

Blockchain investigator ZachXBT has accused Bitget's founder Shawn Liu of running scam operations behind the scenes, calling CEO Gracy Chen just a figurehead. He claims Liu has allowed manipulative and fraudulent activities on Bitget for years and warned of an upcoming crackdown on a group of Chinese centralized exchanges he calls the "Chinese CEX cartel." ZachXBT cited evidence of coordinated token manipulation, including a recent pump of the LAB token linked to Bitget. Neither Bitget nor Liu have responded to these serious allegations, which could impact investor trust and regulatory scrutiny in the crypto space.

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