On-chain investigator ZachXBT posted a $10,000 private bounty Monday for proof on Hong Kong market maker Heisenberg Guru. The agency, generally known as HSBG, allegedly manipulated costs throughout centralized crypto exchanges.
The investigator named Sion and Chao as core HSBG operators and singled out River (RIVER). He urged whistleblowers to share chat logs, contracts, or inner communications that show coordination throughout Bitget, Binance, and Gate.
Bounty Targets Asia-Based mostly Trade Manipulation
ZachXBT funded the reward from private accounts and framed it as a part of a broader effort to reveal Asia-based market makers. He lately posted the same provide related to alleged RAVE token coordination on Bitget.
The RIVER token has drawn sustained scrutiny after a 500% rally earlier in 2026 raised considerations about provide focus.
Derivatives turnover on the asset has at occasions outpaced spot quantity by margins flagged in earlier dealer warnings.
“These energetic MMs on Bitget, Binance, Gate, and so forth are a most cancers to the business and should be uncovered since Asia CEXs proceed to show a blind eye on them,” ZachXBT added.
Requires tighter oversight of centralized exchanges have intensified since early 2026. A number of tokens together with LAB and RAVE drew probes after analysts flagged sudden provide focus paired with derivatives-driven value surges.
The investigator has constructed a fame for crowd-funded bounties that floor proof past what on-chain knowledge alone can reveal.
Prior probes, profiled by BeInCrypto, have triggered change critiques and asset freezes throughout a number of jurisdictions.
Neither HSBG nor its named operators responded publicly to the bounty submit. Submissions undergo direct messages to ZachXBT, with no public kind or pockets listed.
Credible proof rising could decide how significantly Asia-based exchanges deal with the most recent spherical of scrutiny.
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