DWF Labs Appoints New Growth Head Amid Misconduct Allegations Against Partner
Big news at DWF Labs. Business development partner Lingling Jiang will now lead the company’s growth initiatives after founding partner Eugene Ng was let go.
Ng was terminated after serious allegations surfaced when a woman accused him of spiking her drink at a business meeting in Hong Kong on October 24. The incident has gone viral on social media where the accuser shared details and video evidence.
DWF Labs responded quickly by removing Ng from their website and officially cutting ties.
In a tweet on October 30, DWF Labs announced Jiang’s appointment saying her “ability to build impactful partnerships” is key to the company’s future.
Lingling Jiang’s Role and Rise at DWF Labs
Jiang’s appointment is a big deal for DWF Labs as she has risen quickly through the ranks. She joined as Asia regional sales head in 2022, became head of Hong Kong office in 2023 and by September 2023 was a business partner. Prior to DWF she was in sales trading at OSL, a Hong Kong crypto exchange.
DWF Labs tweeted about Jiang’s new role saying she will “drive strategic initiatives” and “deepen relationships with new and existing partners”. Managing partner Andrei Grachev said he has full confidence in her to lead DWF Labs forward given her track record of leadership.
Jiang’s Expanded Responsibilities:
Leading growth initiatives and building partnerships
Representing DWF Labs at global industry events
Actively engaging in strategic decision-making
She must have been very scared. I strongly believe that this kind of unconscionable behavior must not be tolerated.
Anyone who has financial resources and is in a position to offer work must remember that they are responsible for their own actions.
One thoughtless act can harm… https://t.co/Vlzacyp6u1— HARA (@HARA_JasmyCFO) October 30, 2024
Social Media Reaction and Calls for Accountability
Ng’s alleged behavior sparked a lot of reaction online. Hana, the accuser, tweeted on October 29, “I never thought I’d personally experience something like this” and shared video evidence. Social media users quickly called out Ng and DWF Labs to take action and legal consequences if true.
After this Ng has locked his LinkedIn and X (formerly Twitter) profiles and removed work information. Social media has shown how important accountability and ethics are in the crypto space as companies like DWF Labs need to keep public trust and credibility.