ZachXBT Puts Up $10K Bounty for Whistleblowers on CEX Market Maker Manipulation

On-chain investigator ZachXBT announced a personal bounty of up to $10,000 for whistleblower evidence implicating Hong Kong market maker Heisenberg Guru (HSBG) in manipulative trading on centralized exchanges such as Bitget, Binance and Gate.io. The move spotlights alleged wash trading, spoofing and coordinated price suppression tied to the RIVER token and broader CEX market-making practices. If credible evidence emerges, exchanges could tighten surveillance and regulators may escalate enforcement, potentially reducing artificial volume but also increasing short-term volatility as investigations unfold. The initiative underscores growing grassroots enforcement filling regulatory gaps, and raises concerns about liquidity, price integrity and trader risk across crypto spot markets, including impacts on major assets like bitcoin.