ZachXBT Exposes RAVE Token Manipulation, Calls for Exchange Investigations

2026-04-18 20:05

Blockchain investigator ZachXBT has accused Binance, Bitget, and Gate exchanges of facilitating a "pump and dump" scheme involving the RAVE token. According to ZachXBT, insiders control over 90% of RAVE's liquidity, enabling blatant market manipulation to exploit retail investors. He has urged Binance co-founder He Yi and Bitget CEO Gracy Chen to conduct internal investigations and hold responsible parties accountable. Additionally, ZachXBT has offered a personal bounty of up to $10,000 for information leading to evidence of insider involvement. In response, Bitget CEO Gracy Chen confirmed that an investigation into RAVE has commenced.

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