The "Web3 Connect" forum organized by C² Ventures during Token 2049 unexpectedly caused a fight among cryptocurrency market makers, and the victim was none other than DWF Labs, which has been highly controversial recently.
(Background information)
- DWF was questioned as a fake investment, but it was really making a market
- Multiple tens of millions of dollars worth of investments in half a year, DWF Labs has been questioned
- Market makers cut again and again! DWF Labs responds: Don’t blame
- DWF Labs: We are not manipulating the market
DWF is choked: not qualified to sit with other market makers
Andrei Grachev, co-founder of DWF Labs, expressed his gratitude for the invitation after the "Web3 Connect" forum.
Unexpectedly, an account related to the market maker GSR choked and said that DWF Labs is not qualified to sit with the panelists of the factory forum: the market makers GSR, Wintermute, and OKX. To them, it is an insult. He said:
It is very sad that at the end of 2023, bad actors like DWF Labs can still get so much attention.
The CEO of another market maker, Wintermute , also liked the post . What’s even more interesting is that in the event photos shared by market maker GSR, Andrei Grachev’s part was forcibly removed. :
DWF responds: Don’t cry, we are eating your market
Andrei Grachev, co-founder of DWF Labs, responded to GSR and said, "You actually started cooperating with your competitors (laughing) and complained like a child, calling us bad actors."
Our market creation is great and we can easily eat up your market share, but there is nothing you can do. I will receive your resume soon.
What do the market makers think of DWF Labs?
During ABMedia’interview with Token 2049, we also encountered many market makers complaining about DWF Labs.
- During the conference, a market maker revealed to ABMedia that DWF Labs’ “cutting leek” deeds not only affected ordinary retail investors, but also reported that some of its own employees had been harmed by the company’s false information.
- Another market maker shared more news. As a former partner of DWF Labs, its employees expressed that their cooperation experience with DWF Labs was quite poor and classified it as the worst-quality market maker.
- As a standard basis, another well-known market maker in the crypto,"Wintermute", is classified as "not good nor bad."
