Prominent crypto trading firm DWF Labs has announced the dismissal of a partner following allegations of drink spiking that surfaced on social media.
Allegations Surface on Social Media
The allegations came to light when Hana, a venture capitalist exploring opportunities in the Web3 sector, posted on X (formerly Twitter) that her drink had been tampered with during a meeting with Eugene Ng at a Hong Kong bar on October 24. She recounted a waitress warning her about her drink being spiked, and Hana claims to have collected CCTV footage and reported the incident to local authorities. Her post included a police report and her account of the alleged drugging.
DWF Labs Responds, Dismisses Ng
Following Hana’s post, DWF Labs issued a statement confirming the dismissal of a partner due to 'deeply concerning allegations involving inappropriate behavior.' Although the firm did not immediately name the individual, Ng’s removal from the team page and his private account status on X indicated his connection to the case. Ng has since deleted his X account according to user reports.
Industry Reactions and Implications for Crypto Firms
The allegations against Ng have sparked discussions about workplace safety and conduct, particularly in the crypto space. DWF Labs' swift action received mixed reactions: some praised the immediate response, while others called for more robust accountability measures. The incident draws attention to the treatment of women in professional settings in the crypto and Web3 industries, prompting calls for clear conduct policies and safety protocols.
The investigation is ongoing, and further developments are expected as authorities review evidence provided by Hana. DWF Labs will continue to cooperate with authorities. This incident highlights the need for safe environments for all professionals in the rapidly evolving industry.
