Asenior manager at market maker DWF Labs has been immediately suspended by the company after allegedly adding a stimulant to a partner’s drink.
On the evening of October 29, the crypto community on X (Twitter) buzzed with news of the misconduct allegations against a manager from DWF Labs, a market maker and investment firm.
According to @hananotsorry, who claims to work for a traditional investment fund, she encountered this incident with the DWF Labs manager on October 24. She alleges that the manager spiked her drink while she wasn’t looking, and that a restaurant employee warned her about it and provided surveillance footage as evidence.
The victim subsequently reported the incident to the police and cautioned other women in the crypto industry to be on guard against similar schemes.
Hana stated that the DWF Labs manager had approached her with an offer to work at the firm, citing her experience as a good fit for the crypto industry. During their interaction, Hana claims the manager repeatedly attempted to lure her to a hotel room under the pretext of providing “extra insights” and promised her rapid advancement.
Just hours after her post went viral on X, DWF Labs announced the suspension of the implicated manager pending investigation. The firm underscored its commitment to high ethical standards, aiming to foster an equitable business environment and emphasizing that they have a workforce comprising 50% women.
The executive at the center of this controversy is believed to be Eugene Ng, who has since locked his X account.
OpenEden, an RWA project founded by Eugene Ng and backed by Binance Labs, also suspended him from his position pending further investigation.
This incident brings renewed attention to the persistent issue of sexual harassment, which continues to manifest regardless of the cultural shift from Web2 to Web3. In May 2024, the founder of Layer-2 project Eclipse was similarly forced to step down after evidence emerged of inappropriate behavior with several female partners.