ZachXBT alleges LAB's run to a $6B FDV sits on opaque private loans, discounted OTC deals, unilateral vesting changes, unknown float, and >95% supply control. His thread ties borrower wallets to public buybacks and Wildcat loans, says insiders deposited 226M LAB to Bitget in March-April before 100M LAB was withdrawn, and flags a multisig signer connected to $12M+ in RIVER flows. He argues retail had the least information while CEXs and market makers enabled insider liquidity extraction, and calls on Bitget, Binance, and Gate to freeze profits and return them to users.

TLDR by @Benthic