DWF Labs Dismisses Partner Amid Allegations of Misconduct

Crypto-focused enterprise capital agency DWF Labs has severed ties with a accomplice accused of inappropriate habits throughout an organization occasion in Hong Kong.

The corporate took motion after a lady recognized as “Hana” reported {that a} accomplice within the agency allegedly tried to spike her drink on October 24.

The Incident

In an official October 29 publish on X, DWF Labs addressed the allegations, saying, “We’re conscious of the latest and deeply regarding allegations involving one among our companions, who has been accused of inappropriate and unacceptable habits.”

The corporate added that though the matter stays below investigation, “DWF Labs has determined to dismiss the stated accomplice from administration and operational roles efficient instantly.”

Hana, a enterprise capitalist, described the alleged incident in a thread on X. She explained that the accused accomplice initially approached her below the pretext of discussing a job alternative, describing her as a “good match” for a challenge.

She defined that through the encounter, she left her drink unattended whereas she went to the restroom. When she returned, she took only some sips of the beverage earlier than the alleged aggressor stepped out to make a name. A waitress then got here to warn her that somebody had tampered along with her drink in her absence.

The sufferer recounted feeling “extraordinarily dizzy” when she went exterior, the place she claims the accomplice tried to lure her again to his resort, allegedly promising “inside info” in alternate. Hana has since reported acquiring CCTV footage from the bar and filed a report with Hong Kong police.

DWF Labs’ Assertion

In a proper statement, DWF Labs emphasised its dedication to a secure, respectful office:

“At DWF Labs, we maintain the utmost respect for all people and are unwavering in our dedication to making a secure, respectful, and inclusive surroundings for everybody.”

The corporate additionally famous that over half its workforce includes girls, reflecting its dedication to gender variety.

Additional, it pressured that it doesn’t condone any actions that go towards its core values of integrity, respect, and accountability, reiterating that it stays steadfast in upholding these values inside itself and in its partnerships and interactions throughout the trade.

The discharge concluded with the agency expressing solidarity with people affected by comparable incidents and saying that it’s nonetheless monitoring the scenario. In the meantime, Neither DWF Labs nor the sufferer has publicly confirmed the accomplice’s identification.

In keeping with CoinGecko, the VC agency boasts a crypto portfolio price an estimated $48.7 billion at present charges, with investments in Tron (TRX), Toncoin (TON), and Synthetic Superintelligence Alliance (FET), amongst others.

It’s not the primary time the corporate has been on the unsuitable finish of a scandal. In September 2023, there have been allegations that DWF was concerned in market manipulation. Nonetheless, the funding agency emphatically dismissed the fees, with managing accomplice Andrei Grachev stating that any reported anomalies have been the results of market dynamics somewhat than manipulation.