Crypto venture capital firm DWF Labs has severed ties with a partner accused of attempting to spike a woman’s drink at a Hong Kong event. The firm took action after the woman, identified as “Hana,” reported the alleged incident on October 24.
In an official post on X (formerly Twitter) 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, DWF Labs decided to dismiss the accused partner from management and operational roles immediately.
Hana, a venture capitalist, described the alleged incident in a thread on X. She explained that the accused partner approached her under the pretext of discussing a job opportunity, calling her a “perfect fit” for a project. During the encounter, Hana left her drink unattended while using the restroom. Upon returning and taking a few sips of the beverage, the alleged aggressor stepped out to make a call. A waitress then warned Hana that someone had tampered with her drink in her absence.
The victim recounted feeling “extremely dizzy” when she went outside, where the partner allegedly attempted to lure her back to his hotel, 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, noting that over half its workforce comprises women. The company stressed that it does not condone any actions against its core values of integrity, respect, and accountability.
According to CoinGecko, DWF Labs’ crypto portfolio is estimated to be worth $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 controversy. In September 2023, there were allegations that DWF was involved in market manipulation. However, the investment firm dismissed the charges, with managing partner Andrei Grachev attributing any reported anomalies to market dynamics rather than manipulation.
The identity of the dismissed partner has not been publicly confirmed by either DWF Labs or the victim.
