---
title: "Digital Wave Finance — Eugene Ng: DWF Labs and OpenEden removals after a reported allegation"
language: en
canonical: https://dossiertwist.com/dossiers/digital-wave-finance/eugene-ng-departure/
as_of: 2026-10-07
keywords: ["Digital Wave Finance","DWF Labs","Darley Technologies","Turcapital","crypto market making","Swiss governance"]
---

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

**Question.** Which actions were announced and which judicial outcomes remain unestablished?

**Answer.** The companies announced management and operational removals in October 2024. The report identifies Ng, records the absence of his response and describes contemplated further action; it does not establish a conviction.

## The allegation, management removal and unestablished judicial outcome

- Analysis: In 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. [s-d219] [s-d239]
  - 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.

## Sources

- [s-d219] Media source · s-d219
- [s-d239] Media source · s-d239