Talk:DWF Labs

Feedback from New Page Review process

I left the following feedback for the creator/future reviewers while reviewing this article: Thanks for creating a page for this company, best know for controversies related to wash trading; this has generated sustained coverage in reliable sources, allowing it reach WP:NCORP. As another editors notes, some of the sources may not be reliable; one way of resolving this is to find better sources, or to remove poorly-sourced claims, particularly if they are criticalor promotional rather than neutral.

Klbrain (talk) 21:04, 27 March 2026 (UTC)

Edit request: Grammar fix in opening paragraph

I am a DWF Labs employee (disclosed on my user page).

Current text: "DWF Labs founded in 2022 by Russian entrepreneur Andrei Grachev as the client-facing affiliate of high-frequency trading firm Digital Wave Finance..."

Proposed text: "DWF Labs was founded in 2022 by Russian entrepreneur Andrei Grachev as the client-facing affiliate of high-frequency trading firm Digital Wave Finance..."

Reason: The current sentence is missing the verb "was" between the subject and the past participle. This is a small grammatical correction with no change in meaning.

I am not editing the article directly because of my conflict of interest. Please review and apply if appropriate. Thank you.

Diaasharma (talk) 12:37, 29 April 2026 (UTC)

Done. Thanks. Morwen (talk) 13:23, 29 April 2026 (UTC)

Edit request: Addition to History section – Bybit hack response

I am a DWF Labs employee (disclosed on my user page).

I would like to request the addition of the following sentence to the History section of the DWF Labs article, placed immediately after the existing sentence about the Industry Recovery Initiative (IRI), which currently ends with: "...DWF Labs initially committed $15 million to the IRI."

Sentence to add:

"Following the February 2025 Bybit hack, DWF Labs deposited 2,200 ETH to the exchange, alongside contributions from firms including Bitget, MEXC, and others."

Reason: This addition is sourced from a reliable publication (BeInCrypto) and documents a notable, verifiable industry event. The sentence contextualises DWF Labs' participation within a broader industry response, does not overstate DWF Labs' role, and is factually accurate per the cited source.

I am not editing the article directly because of my conflict of interest. Please review and apply if appropriate. Thank you.

Diaasharma (talk) 12:49, 29 April 2026 (UTC) Diaasharma (talk) 12:49, 29 April 2026 (UTC)

 Done Spencer^T•C 05:24, 11 May 2026 (UTC)

BeInCrypto is not a reliable outlet at all. The article was already tagged for over-use of unreliable sources. Grayfell (talk) 06:41, 11 May 2026 (UTC)

References

Proposed sourcing improvements and content updates (June 2026)

Hello,

I am posting on behalf of DWF Labs and would like to suggest a number of sourcing improvements and content updates for the article.

Extended content

Several statements currently lack citations, contain citation-needed tags, or could potentially be better aligned with the wording of the cited sources. In light of previous discussions regarding sourcing, I have tried where possible to rely on higher-quality secondary sources and to keep the proposed wording closely aligned with the cited material.

Please find below a number of proposed edits. If you consider them appropriate, would you consider implementing them? If helpful, I would also be happy to make the edits myself following prior consensus.

Many thanks in advance for your time and expertise.

Proposed edit #1 (source addition and wording adjustment)

Location: History section – last sentence of the first paragraph

Current text:

It provides liquidity services, over-the-counter (OTC) trading, options and token investment deals to blockchain projects, and trades on numerous centralized and decentralized exchanges.

Proposed text:

It provides liquidity and market-making services for blockchain projects and trades digital assets across cryptocurrency exchanges, including by purchasing tokens directly from crypto projects.

Using the following source:

Sandor, Krisztian (2023-05-09). "Crypto Market Maker DWF Labs' More Than $200M in Deals Blur What 'Investing' Means". www.coindesk.com. Retrieved 2026-05-24.

Note:

Adjusted to more closely reflect the wording of the source.

Proposed edit #2

Location: History section

Proposed addition, just after the fourth paragraph:

Following a US$1.4 billion hack of cryptocurrency exchange Bybit in February 2025, an audit report by cybersecurity firm Hacken stated that DWF Labs provided support as the exchange closed an Ethereum asset gap.

Using the following source:

Singapore, Fintech News (2025-02-25). "Bybit Reports Asset Reserves Restored After US$1.4 Billion Theft". Fintech Singapore. Retrieved 2026-05-24.

Proposed edit #3

Location: History section

Proposed addition, immediately following the paragraph from the previous request:

In March 2025, DWF Labs established a $250 million fund focused on investments in mid- and large-cap cryptocurrency projects.

Using the following source:

Crawley, Jamie (24 March 2025). "Crypto Market Maker DWF Labs Introduces $250M Liquid Fund". www.coindesk.com. Retrieved 2026-05-31.

Proposed edit #4

Location: History section, immediately following the paragraph from the previous request

Current text:

In 2025, DWF Labs invested $25 million in World Liberty Financial.

Proposed text:

In April, DWF Labs invested $25 million in World Liberty Financial as part of a US market expansion that included opening a New York City office.

Using the following source:

The same Reuters reference is used.

Rationale:

The edit adds contextual information already present in the Reuters source. Mentioning that the investment was part of DWF Labs’ US expansion, including the opening of a New York office, gives the event broader relevance than presenting it as an isolated transaction.

Proposed edit #5 (source addition and wording adjustment)

Location: History section, last sentence

Current text:

Later, DWF Labs launched its own investment fund in the DeFi segment with a volume of $75 million. The fund focuses on supporting projects that operate on Ethereum, Solana, BNB Chain, and Base blockchains.

Proposed text:

Later in 2025, DWF Labs announced the launch of a $75 million DeFi-focused investment fund targeting projects building on Ethereum, Solana, BNB Chain, and Base blockchains.

Using the following source:

Kuhn, Daniel. "DWF Labs launches 'proprietary' $75 million DeFi investment fund". The Block. Retrieved 2026-05-24.

Note:

Reworded for closer alignment with the cited source.

Proposed edit #6

Proposed addition, at the end of the History section:

In December 2025, DWF Labs completed its first physical gold trade, settling a 25-kilogram bar through conventional bullion custody and settlement infrastructure.

Using the following source:

Aziz, Ayesha. "Crypto Market Maker DWF Labs Settles First Physical Gold Trade | CoinMarketCap". CoinMarketCap Academy. Retrieved 2026-05-24.

Proposed edit #7 (source addition and wording adjustment)

Location: Criticism and controversies section, second sentence of the penultimate paragraph

Current text:

In an interview with DL News, founding partner Heng Yu Lee characterised the claims as "competitor-driven FUD" and said the firm's trading activity complied with exchange rules.

Proposed text:

In an interview with DL News, founding partner Heng Yu Lee characterised the claims as ‘competitor-driven FUD’.

Using the following source:

Craig, Tim (2024-05-09). "DWF Labs calls market manipulation claims 'competitor-driven FUD'". DL News. Retrieved 2026-05-24.

Note:

Adjusted to more closely reflect the wording of the source.

Proposed edit #8

Location: Infobox, key people section

Add Andrei Grachev, the founder.

Rationale:

Andrei Grachev is already identified as the founder in the article body.

---

References

Thank you again for your time and expertise! Toometa (talk) 19:20, 3 June 2026 (UTC)

Reply 24-JUN-2026

  Edit request declined  

• Coindesk was used as a reference. (See WP:COINDESK.)

Regards,  Spintendo  20:37, 24 June 2026 (UTC)

Proposed updates (revised request) (August 2026)

Hello,

This request is a revised version of the one I submitted in June 2026. It removes both the requests that relied on CoinDesk and those that are no longer relevant in light of the recent changes made to the article.

Proposed edit #1

Location: History section

Proposed addition, just after the last paragraph:

Following a US$1.4 billion hack of cryptocurrency exchange Bybit in February 2025, an audit report by cybersecurity firm Hacken stated that DWF Labs provided support as the exchange closed an Ethereum asset gap.

Using the following source:

Singapore, Fintech News (2025-02-25). "Bybit Reports Asset Reserves Restored After US$1.4 Billion Theft". Fintech Singapore. Retrieved 2026-05-24.

Proposed edit #2

Proposed addition, at the end of the History section

Later in 2025, DWF Labs announced the launch of a $75 million DeFi-focused investment fund targeting projects building on Ethereum, Solana, BNB Chain, and Base blockchains.

Using the following source:

Kuhn, Daniel. "DWF Labs launches 'proprietary' $75 million DeFi investment fund". The Block. Retrieved 2026-05-24.

Proposed edit #3

Proposed addition, at the end of the History section:

In December 2025, DWF Labs completed its first physical gold trade, settling a 25-kilogram bar through conventional bullion custody and settlement infrastructure.

Using the following source:

Aziz, Ayesha. "Crypto Market Maker DWF Labs Settles First Physical Gold Trade | CoinMarketCap". CoinMarketCap Academy. Retrieved 2026-05-24.

Proposed edit #4

Location: Infobox, key people section

Add Andrei Grachev, the founder.

Rationale:

Andrei Grachev is already identified as the founder in the article body.

---

If you feel that any adjustments would be appropriate, I would be happy to make them. Thank you in advance for your time and consideration! Toometa (talk) 09:57, 3 August 2026 (UTC)