Four key allegations surface against LAB project

Simon Dedic, founder of Moonrock Capital, announced he has received a tip from an industry insider regarding allegations of price manipulation against the LAB project. The key allegations are as follows: - Arbitrarily changing the vesting schedule to boost prices: The token vesting schedule, previously agreed upon with investors, has been postponed to this coming August. - Maintaining exchange listings by providing LAB tokens to centralized exchanges (CEXs) for free. - The market maker leading the price pump is the same entity that previously manipulated the price of MOVE. - Blocking over-the-counter (OTC) trades for early retail investors: The foundation is allegedly in exclusive negotiations with a specific OTC desk to sell off its own holdings first. In response, Michael Dudas, co-founder of crypto media outlet The Block and investment firm Sixman Ventures, criticized Binance and other Asian CEXs, stating they are making it impossible to create a rational market structure.