DWF Labs Terminates Eugene Ng Following Allegations of Drink Spiking

DWF Labs has recently dismissed one of its founding partners following accusations of inappropriate conduct.

The claims, which emerged on social media, allege that the partner attempted to tamper with a woman’s drink during a work-related meeting at a bar in Hong Kong.

This incident has garnered significant attention, resulting in the swift removal of Eugene Ng, a founding partner at DWF Labs, from his management and operational positions. The company did not explicitly identify him.

DWF Labs Dismisses Partner Following Drink Spiking Allegations in Hong Kong

In an official statement, DWF Labs conveyed that they were “deeply concerned” by the allegations.

“We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behavior,” the company stated.

This action was followed by the removal of Ng’s profile from the company’s team page, highlighting the seriousness with which DWF Labs is addressing the situation.

We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour. While the matter is under investigation, DWF Labs has decided to dismiss the said partner from management and operational…

— DWF Labs (@DWFLabs) October 29, 2024

The alleged incident took place on October 24 during a meeting between the accused partner and a woman named Hana, who had met with him for a professional conversation.

According to Hana’s account, while she briefly stepped away to the restroom, bar staff noticed the partner placing something into her drink.

Upon her return, when she tried to switch her drink, he reportedly hindered her attempts, prompting her to leave. Hana later reported feeling lightheaded, which heightened her suspicion that her drink had been compromised.

I never thought I’d personally experience something like this. On the evening of October 24th, I was drugged by a partner at @DWFLabs at a bar in HK. I have reported this to the local police and have collected video evidence of him spiking my drink. pic.twitter.com/mCQpaxB6DH

— Hana小屁娜 (@hananotsorry) October 29, 2024

In a troubling detail shared by Hana, she alleged that the partner attempted to entice her to his residence, suggesting he would escort her to a taxi while subtly proposing that she accompany him to a suite.

Hana mentioned on X (formerly Twitter) that he further insinuated she would not require a direct role in a cryptocurrency initiative.

Consequences for Ng: Social Media Profiles Disappear Amid Growing Allegations in Drink-Spiking Case

In light of the incident, Hana sought help from local authorities, who reportedly provided CCTV footage of the alleged drink tampering.

Hana noted that she observed a level of assurance in the partner’s demeanor that indicated it might not have been his first such incident.

She shared her experience and supporting evidence online, urging others to come forward.

I never thought I’d personally experience something like this. On the evening of October 24th, I was drugged by a partner at @DWFLabs at a bar in HK. I have reported this to the local police and have collected video evidence of him spiking my drink. pic.twitter.com/mCQpaxB6DH

— Hana小屁娜 (@hananotsorry) October 29, 2024

Another user on X, ‘Iris,’ claimed to have encountered similar tactics from the same individual, describing his approach as “really aggressive.”

The repercussions for Ng extended beyond DWF Labs. His X account was quickly set to private and subsequently deleted, and his LinkedIn profile was also removed.

Ng has an extensive background in finance; prior to his role at DWF Labs, he worked at Barclays, Citi, and Deutsche Bank, eventually becoming a crypto industry advisor and founder of the real-world asset firm OpenEden, with previous experience as the head of business development in Asia at Gemini.

DWF Labs is distancing itself from the incident as the investigation proceeds, and public interest and scrutiny surrounding the case remain elevated.

The post DWF Labs Fires Eugene Ng Amid Drink Spiking Allegations appeared first on Cryptonews.