BTC

$98106.254

4.76%

ETH

$3358.418

10.11%

BNB

$621.861

2.61%

XRP

$1.206

10.76%

Scam Alert

DWF Labs Partner X Account Hacked With Suspicious Questions

January 29, 2024 - Around 2 mins mins to read

Key Points:

  • DWF Labs reports a security breach on the DWF Labs partner X account; recovery is in progress.
  • Grachev faces accusations of cryptocurrency scams and links to the OneCoin Ponzi scheme.
DWF Labs, an investment fund affiliated with Digital Wave Finance (DWF), faced a security incident as co-founder Andrei Grachev’s X account was compromised.
DWF Labs Partner X Account Hacked With Suspicious Questions
DWF Labs Partner X Account Hacked With Suspicious Questions 2

DWF Labs Partner X Account Security Breach

The company, which operates globally with offices in Singapore, Switzerland, the British Virgin Islands, the United Arab Emirates, Korea, and Hong Kong, posted on the X platform that the DWF Labs partner X account is currently under recovery.

Andrei Grachev, the Managing Partner of DWF Labs, is currently the sole media representative. However, Grachev’s past has come under scrutiny, with various cryptocurrency sites accusing him of involvement in scams since 2018, including initiating ICOs to raise capital without launching the promised projects.

Additionally, Grachev is meaningful to have ties to OneCoin, a notorious ponzi scheme from 2018 that defrauded investors of billions of dollars.

In a separate incident on Jan. 9, an unauthorized party gained access to the @SECGov account, causing a stir in the online community by posting a fake announcement claiming the SEC had approved the first-ever spot Bitcoin exchange-traded funds. The compromised DWF Labs partner X account highlights the growing concerns surrounding cybersecurity and rumors within the cryptocurrency sector.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Andrei Grachev

DWF Labs

Onecoin

Twitter

X

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Scam Alert

DWF Labs Partner X Account Hacked With Suspicious Questions

Key Points:

  • DWF Labs reports a security breach on the DWF Labs partner X account; recovery is in progress.
  • Grachev faces accusations of cryptocurrency scams and links to the OneCoin Ponzi scheme.
DWF Labs, an investment fund affiliated with Digital Wave Finance (DWF), faced a security incident as co-founder Andrei Grachev’s X account was compromised.
DWF Labs Partner X Account Hacked With Suspicious Questions
DWF Labs Partner X Account Hacked With Suspicious Questions 4

DWF Labs Partner X Account Security Breach

The company, which operates globally with offices in Singapore, Switzerland, the British Virgin Islands, the United Arab Emirates, Korea, and Hong Kong, posted on the X platform that the DWF Labs partner X account is currently under recovery.

Andrei Grachev, the Managing Partner of DWF Labs, is currently the sole media representative. However, Grachev’s past has come under scrutiny, with various cryptocurrency sites accusing him of involvement in scams since 2018, including initiating ICOs to raise capital without launching the promised projects.

Additionally, Grachev is meaningful to have ties to OneCoin, a notorious ponzi scheme from 2018 that defrauded investors of billions of dollars.

In a separate incident on Jan. 9, an unauthorized party gained access to the @SECGov account, causing a stir in the online community by posting a fake announcement claiming the SEC had approved the first-ever spot Bitcoin exchange-traded funds. The compromised DWF Labs partner X account highlights the growing concerns surrounding cybersecurity and rumors within the cryptocurrency sector.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.