Crypto venture capital firm DWF Labs has dismissed a partner following allegations of inappropriate behavior at a Hong Kong company event. The firm took action after a woman identified as “Hana” reported that the partner allegedly attempted to spike her drink on October 24.
In an official post on X, DWF Labs addressed the allegations, stating that while the matter remains under investigation, the firm decided to dismiss the partner from management and operational roles effective 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. During the encounter, she left her drink unattended while using the restroom. Upon returning and taking a few sips, a waitress warned her 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 and noted that over half its workforce comprises women. The company stressed that it does not condone any actions that go against its core values of integrity, respect, and accountability.
Neither DWF Labs nor the victim has publicly confirmed the partner’s identity. According to CoinGecko, the VC firm boasts a crypto 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, which the investment firm emphatically dismissed.
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