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ZachXBT Offers $10,000 Bounty for Insider Proof of Alleged HSBG Market Manipulation

The offer seeks whistleblowers to provide internal records that could confirm or debunk claims of exchange-side manipulation.

Overview

  • The on-chain investigator is offering up to $10,000 for insider proof that Hong Kong market maker Heisenberg Guru (HSBG) manipulated trades on centralized exchanges, including activity in the RIVER token.
  • He said qualifying submissions include chat logs, contracts and other internal messages, and he asked whistleblowers to send tips by private message on X.
  • ZachXBT identified two alleged HSBG operators by name — Sion and Chao — to focus the search on people with direct knowledge of trading directives.
  • No regulator or exchange has announced action in response, and the allegations remain unverified pending any documents that can be checked.
  • He also criticized exchanges such as Bitget, Binance and Gate for weak checks on market makers, a claim that could push platforms to tighten controls if the evidence holds up.