On-chain detective ZachXBT has put forward a reward of up to $10,000 for insider proof that Hong Kong-based market maker Heisenberg Guru (HSBG) manipulated trading on centralized exchanges. The bounty specifically targets activities near the RIVER token.
In a recent post through his investigative channel, ZachXBT accused HSBG of being involved in multiple market manipulation episodes on centralized platforms. He highlighted trading surrounding RIVER as an example of the alleged misconduct. The bounty aims to uncover hard documentation that can confirm or question ongoing suspicions about HSBG’s order book tactics.
ZachXBT named “Sion” and “Chao” as key figures within HSBG, shifting focus from a vague trading alias to specific individuals. He noted that a wide range of materials could qualify for rewards, including chat logs, contracts, and other internal communications that reveal how HSBG coordinates trading activity on centralized exchanges.
Whistleblowers are instructed to send tips via private message on X, where ZachXBT conducts most of his public investigations. He did not provide a detailed verification process initially, but his past work typically involves cross-referencing on-chain data, platform records, and corroborating statements before issuing comprehensive reports.
The incentive structure scales payments based on the quality, relevance, and verifiability of submissions, rather than offering a flat sum. This approach mirrors his previous crowdsourced probes, where independently confirmable documents receive higher compensation than anonymous claims.
This initiative underscores the expanding role of independent on-chain investigators in regulating ambiguous activities within crypto markets, especially for thinly traded CEX listings where formal oversight is often lacking. If the bounty yields credible evidence of manipulation tied to HSBG, it could force exchanges to reassess their partnerships with certain market makers and may prompt regulators to scrutinize trading practices in Hong Kong-linked market segments more closely.