Digital Wave Finance — Eugene Ng: DWF Labs and OpenEden removals after a reported allegation

analysisIn October 2024 a woman publicly alleged that a DWF Labs partner had spiked her drink during a work-related meeting in Hong Kong. DWF announced immediate removal of a partner from management and operations while investigating; subsequent reporting quoted Grachev identifying Eugene Ng as that partner. OpenEden also announced removal of a team member from management and operations. The later report said the complainant had contacted police and that Grachev’s team was considering further legal action. ^{1 2}

qualification

The company actions are established through the contemporaneous statements and reporting; the underlying allegation is not presented as a conviction. Considering legal action is not the same as filing a lawsuit. The retained material does not establish a subsequent charge, trial result or final civil disposition. The complainant’s identity and unnecessary personal details are withheld.

response

DWF described the allegations as concerning and unacceptable and said it was investigating. Ng did not respond to the later reporter’s request; nonresponse is not an admission. Grachev did not provide further comment to that outlet.