Crypto VC Firm DWF Labs Dismisses Partner Amid Allegations of Misconduct
DWF Labs, a cryptocurrency-focused venture capital firm, has severed ties with a partner accused of attempting to spike a woman’s drink during a company event in Hong Kong on October 24. The firm took action after the woman, identified as “Hana,” reported the alleged incident.
In an official statement on October 29, DWF Labs addressed the allegations, stating, “We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behavior.” Although the matter remains under investigation, the company has decided to dismiss the accused partner from management and operational roles effective immediately.
Hana, a venture capitalist, described the alleged incident in a thread on X (formerly Twitter). She explained that the accused partner approached her under the pretext of discussing a job opportunity, describing her as a “perfect fit” for a project. During the encounter, Hana left her drink unattended while she went to the restroom. Upon returning, she took only a few sips of the beverage before the alleged aggressor stepped out to make a call. A waitress then warned her that someone had tampered with her drink in her absence.
The victim recounted feeling “extremely dizzy” when she went outside, where she claims the partner attempted to lure her back to his hotel, allegedly promising “inside information” in exchange. Hana has since obtained CCTV footage from the bar and filed a report with Hong Kong police.
In a formal statement, DWF Labs emphasized its commitment to a safe, respectful workplace: “At DWF Labs, we hold the utmost respect for all individuals and are unwavering in our commitment to creating a safe, respectful, and inclusive environment for everyone.”
The company noted that over half its workforce comprises women, reflecting its commitment to gender diversity. It stressed that it does not condone any actions that go against its core values of integrity, respect, and accountability, reiterating that it remains steadfast in upholding these values within itself and in its partnerships and interactions across the industry.
The firm expressed solidarity with individuals affected by similar incidents and said it is still monitoring the situation. Neither DWF Labs nor the victim has publicly confirmed the partner’s identity.
According to CoinGecko, the VC firm boasts a cryptocurrency portfolio worth an estimated $48.7 billion at current rates, with investments in Tron (TRX), Toncoin (TON), and Artificial Superintelligence Alliance (FET), among others.
This is not the first time the company has faced a scandal. In September 2023, there were allegations that DWF was involved in market manipulation. However, the investment firm emphatically dismissed the charges, with managing partner Andrei Grachev pointing out that any reported anomalies were the result of market dynamics rather than manipulation.
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The content has been rewritten for clarity and SEO without introductory or concluding phrases. The main points are presented objectively, focusing on the key details of the allegations against the DWF Labs partner, the company’s response, and its commitment to maintaining a safe and inclusive workplace. Relevant links and background information about the company’s previous scandal are also included.
