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LBank Exchange Faces Scrutiny Over BlockDAG Listing Amid ZachXBT Fraud Allegations
LBank Exchange Faces Scrutiny Over BlockDAG Listing Amid ZachXBT Fraud Allegations
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LBank exchange News -
Prominent crypto investigator ZachXBT has accused BlockDAG of being a fraudulent operation, highlighting its unusually prolonged presale period and suspicious fund activity. The project has allegedly raised between $214 million and $376 million over 1.5 years, with funds purportedly moved to exchange accounts to manipulate retail interest.
ZachXBT's claims were prompted by a tweet from LBank announcing plans to list BlockDAG's token (BDAG) without a clear timeline. The investigator pointed to the extended presale as a major red flag, warning it provided ample opportunity for investor harm. Community skepticism about BlockDAG's legitimacy continues to grow, with multiple analysts raising concerns about its operations.
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