{"id":20014,"date":"2026-05-18T19:28:25","date_gmt":"2026-05-18T19:28:25","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/18\/zachxbt-offers-10000-bounty-for-evidence-against-hong-kong-market-maker-hsbg\/"},"modified":"2026-05-18T19:28:25","modified_gmt":"2026-05-18T19:28:25","slug":"zachxbt-offers-10000-bounty-for-evidence-against-hong-kong-market-maker-hsbg","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/18\/zachxbt-offers-10000-bounty-for-evidence-against-hong-kong-market-maker-hsbg\/","title":{"rendered":"ZachXBT offers $10,000 bounty for evidence against Hong Kong market maker HSBG"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/10\/crypto-news-hacker-coder-security-option02.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">ZachXBT is offering up to $10,000 for insider evidence that Hong Kong market maker HSBG manipulated centralized exchange markets, including trades around RIVER.<a target=\"_blank\" href=\"https:\/\/crypto.news\/wp\/wp-admin\/post-new.php\"\/><\/p>\n<div id=\"cn-block-summary-block_af3115d889ee3965985bc92f077cf05e\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>On-chain investigator ZachXBT is offering a reward of up to $10,000 for insider information about alleged market manipulation by Hong Kong market maker \u201cHeisenberg Guru\u201d (HSBG).<a href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\" target=\"_blank\" rel=\"nofollow\"\/><\/li>\n<li>He alleges HSBG has been involved in multiple manipulation events on centralized exchanges, including activity around the token RIVER.<a href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\" target=\"_blank\" rel=\"nofollow\"\/><\/li>\n<li>ZachXBT named individuals \u201cSion\u201d and \u201cChao\u201d as core members of HSBG and said chat logs, contracts, and internal communications could qualify for bounties, with tips to be submitted via private message on X.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p><a href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\" target=\"_blank\" rel=\"nofollow\"\/>On-chain sleuth <a href=\"https:\/\/crypto.news\/zachxbt-claims-circle-failed-to-halt-420m-in-usdc\/\">ZachXBT<\/a> has announced a bounty of up to $10,000 for whistleblowers who can provide credible insider evidence of market manipulation tied to Hong Kong market maker \u201cHeisenberg Guru\u201d (HSBG). In a post shared via his investigations channel, he claimed that HSBG has been involved in \u201cmultiple market manipulation incidents\u201d on centralized exchanges, singling out trading around the token RIVER as one of the affected markets.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@zachxbt<\/a> is offering up to $10K for intel on Hong Kong market maker Heisenberg Guru, also known as HSBG, over alleged links to multiple CEX market manipulation incidents, including <a href=\"https:\/\/twitter.com\/search?q=%24RIVER&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$RIVER<\/a>. <a rel=\"nofollow\" href=\"https:\/\/t.co\/Y1xrTJoAuP\">pic.twitter.com\/Y1xrTJoAuP<\/a><\/p>\n<p>\u2014 SolanaFloor (@SolanaFloor) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/2056370067638816842?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 18, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">ZachXBT targets alleged CEX manipulation ring<\/h2>\n<p>According to his statement, the goal of the bounty is to surface hard evidence that could substantiate or refute suspicions circulating in trading circles about HSBG\u2019s tactics on order books. By explicitly framing the offer around \u201cinsider information,\u201d ZachXBT is clearly aiming to reach people who have worked with, or inside, the market-making operation and have direct visibility into its strategies and instructions.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\"\/><\/p>\n<p>He also emphasized that the maximum payout is \u201cup to\u201d $10,000, implying that rewards will scale with the quality, relevance, and verifiability of the submissions rather than being a flat fee. That structure mirrors how he has handled other crowdsourced investigations, where documentation that can be independently confirmed often receives higher compensation than anonymous accusations.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\"\/><\/p>\n<h2 class=\"wp-block-heading\" id=\"call-for-whistleblowers-and-documentary-evidence\">Call for whistleblowers and documentary evidence<\/h2>\n<p>In his call for information, ZachXBT named \u201cSion\u201d and \u201cChao\u201d as core members of the HSBG operation, effectively putting specific individuals, rather than just a trading handle, under the spotlight. He suggested that a broad range of materials could be eligible for rewards, including chat records, contracts, and other internal communications that shed light on how HSBG coordinates trading activity on centralized exchanges.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p class=\"is-style-lead\">Potential <a href=\"https:\/\/crypto.news\/exchanges-face-heat-as-okx-funds-zachxbt-probe-into-95-rave-crash\/\">whistleblowers<\/a> are being asked to submit tips by sending him a private message on X, where he runs most of his public-facing investigative work. While he did not outline an explicit verification process in the initial announcement, his prior investigations have typically involved cross-checking on-chain data, platform logs, and corroborating testimony before publishing detailed reports.<a href=\"https:\/\/www.panewslab.com\/en\/articles\/019db4d6-3636-76cc-a159-0f4b62a45b20\" target=\"_blank\" rel=\"nofollow\"\/><\/p>\n<p>The move underlines the growing role of independent on-chain investigators in policing grey-zone behavior in crypto markets, particularly in areas like thinly traded <a href=\"https:\/\/crypto.news\/cex-stablecoin-reserves-jump-10b-what-does-it-mean\/\">CEX<\/a> listings where formal enforcement remains patchy. If the bounty surfaces credible documentation of manipulation linked to HSBG or any associated accounts, it could increase pressure on exchanges to revisit their relationships with certain market makers and potentially spur regulators to take a closer look at trading practices in the Hong Kong-linked segment of the market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/zachxbt-offers-10000-bounty-for-evidence-against-hong-kong-market-maker-hsbg\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZachXBT is offering up to $10,000 for insider evidence that Hong Kong market maker HSBG manipulated centralized exchange markets, including trades around RIVER. Summary On-chain investigator ZachXBT is offering a reward of up to $10,000 for insider information about alleged market manipulation by Hong Kong market maker \u201cHeisenberg Guru\u201d (HSBG). He alleges HSBG has been [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-20014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/20014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=20014"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/20014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19766"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=20014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=20014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=20014"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=20014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}