Crypto-focused enterprise capital agency DWF Labs has severed ties with a accomplice accused of inappropriate conduct throughout an organization occasion in Hong Kong.
The corporate took motion after a girl 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 submit on X, DWF Labs addressed the allegations, saying, “We’re conscious of the latest and deeply regarding allegations involving certainly one of our companions, who has been accused of inappropriate and unacceptable conduct.”
The corporate added that though the matter stays underneath investigation, “DWF Labs has determined to dismiss the mentioned accomplice from administration and operational roles efficient instantly.”
Hana, a enterprise capitalist, described the alleged incident in a thread on X. She defined that the accused accomplice initially approached her underneath 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 together with her drink in her absence.
The sufferer recounted feeling “extraordinarily dizzy” when she went outdoors, the place she claims the accomplice tried to lure her again to his resort, allegedly promising “inside data” 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 assertion, DWF Labs emphasised its dedication to a protected, respectful office:
“At DWF Labs, we maintain the utmost respect for all people and are unwavering in our dedication to making a protected, respectful, and inclusive surroundings for everybody.”
The corporate additionally famous that over half its workforce includes ladies, reflecting its dedication to gender range.
Additional, it burdened that it doesn’t condone any actions that go in opposition to 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 business.
The discharge concluded with the agency expressing solidarity with people affected by comparable incidents and saying that it’s nonetheless monitoring the state of affairs. In the meantime, Neither DWF Labs nor the sufferer has publicly confirmed the accomplice’s id.
In response to 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. Nevertheless, the funding agency emphatically dismissed the costs, with managing accomplice Andrei Grachev mentioning that any reported anomalies have been the results of market dynamics slightly than manipulation.
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