DWF Labs Archives | Protos https://protos.com/tag/dwf-labs/ Informed crypto news Thu, 31 Oct 2024 16:36:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.6 https://protos-media.s3.eu-west-2.amazonaws.com/wp-content/uploads/2022/01/30110137/cropped-protos-favicon-32x32.png DWF Labs Archives | Protos https://protos.com/tag/dwf-labs/ 32 32 Women warned of ‘predatory crypto bros’ in wake of DWF partner allegations https://protos.com/women-warned-of-predatory-crypto-bros-in-wake-of-dwf-partner-allegations/ Thu, 31 Oct 2024 16:22:37 +0000 https://protos.com/?p=78895 Primitive Ventures founder Dovey Wan warns that some crypto bros "embody the most predatory aspects of both tech and finance cultures."

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An investment firm founder has warned women working in or looking to move into crypto to “please be vigilant” after a partner at Singapore-based DWF Labs was accused of drugging a job applicant and attempting to coerce her into his hotel suite after promising her a role in a crypto project.

Writing on X (formerly Twitter), Primitive Ventures founder and internet personality Dovey Wan was reacting to allegations made by a would-be DWF Labs employee who claims that, during a meeting in a bar in Hong Kong, Euguen Ng, one of DWF Labs’ founders, attempted to spike her drink.

The job applicant, known as ‘Hana,’ claims that she then left the bar and when she began to feel dizzy, Ng tried to coerce Hana into his accommodation, telling her, “I’ll take you to get a taxi. I have a suite in Murrary. If you treat me well, I can give you more inside information.”

Ng has since been fired by DWF Labs and the company has reportedly installed a new partner.

In the wake of the allegations, Ng switched his X account to private but has since appeared to delete it altogether.

Read more: DWF Labs partner allegedly caught trying to drug job applicant

On her X account, Wan said that she was “outraged and disgusted” and detailed how she met Ng on a number of occasions in Singapore, describing him as an apparent gentlemen. However, she added:

“The fact that after failing his attempt in HK, he shamelessly went to Dubai for another crypto conference, socializing as if nothing happened, likely hunting for his next target. This screams repeat criminal behavior to me.”

“Ladies, please be vigilant, the hidden risks [are] very real. Some of those crypto bros embody the most predatory aspects of both tech and finance cultures, treating women they see as ‘huntable’ with unpredictable crimes,” she warned.

In an interview with Wu Blockchain, published on Thursday, Hana recounted her experience, detailing her narrow escape and how she set about revealing the attack.

“The police said I was very lucky and could tell he was a repeat offender  — very skilled,” she told Wu Blockchain Editor-in-Chief Colin Wu.

“Unfortunately, because I didn’t report it on the day, there was no physical evidence,” she explained, adding that police have advised her to be careful, “as disclosing the footage might involve an invasion of personal privacy.”

She added, “After I posted on Twitter, Eugene contacted me, saying, ‘Let me know if you’re up to chat.’ He sent a few similar messages and called me several times, which I didn’t answer.”

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DWF Labs partner allegedly caught trying to drug job applicant https://protos.com/dwf-labs-partner-allegedly-caught-trying-to-drug-job-applicant/ Tue, 29 Oct 2024 17:40:22 +0000 https://protos.com/?p=78657 A partner at the Singapore-based crypto firm DWF Labs has been accused of spiking the drink of a potential employee at a meeting.

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A DWF Labs partner has been accused of drugging a job applicant and attempting to coerce her into his hotel suite after promising her a role in a crypto project.

The alleged incident took place on October 24 at a bar in Hong Kong when alleged victim ‘Hana’ met one of the Singapore-based Web3 investor’s partners for a job-related meeting.

While Hana was in the bar’s bathroom, the partner — alleged by X (formerly Twitter) user AB Kuai Dong to be Euguen Ng, one of DWF Labs’ founders — was reportedly spotted by staff putting something into her drink. She subsequently tried to swap her drink but claimed he prevented her from doing so. She then reported leaving the bar and starting to feel dizzy. 

At this point, the partner allegedly tried to coerce Hana into his accommodation, telling her, “I’ll take you to get a taxi. I have a suite in Murrary. If you treat me well, I can give you more inside information.”

A screenshot of Hana’s post.

Read more: Crypto casino 1xBet accused of rigging matches, streaming children’s games

He reportedly added, “In fact, you don’t need to work in the cryptocurrency project. I just need to make money for you with Alpha.” 

Hana claims she was able to report the man to the police station and provide ‘irrefutable’ surveillance footage of him spiking her. She posted to X (formerly Twitter), “I could see from his confident behavior that this wasn’t his first attempt, it was a well-executed setup — there must have been other victims.” 

Indeed, another X user called ‘Iris’ claims, “I know who that person is, he’s really really aggressive and used the same tactics on me.”

DWF Labs has since dismissed Eugene Ng from managerial and operational roles and launched an investigation. It said, “DWF Labs is aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour.”

Protos has reached out to DWF Labs and Iris for comment.

Update October 29, 17:54 UTC: DWF Labs has dismissed Eugene Ng from company roles and launched an investigation. It said, “DWF Labs is aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour.”

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