Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means

DWF Labs made headlines with more than $100 million of investments into crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments, but packaged with market making services, pledges to boost trading volume or even selling tokens directly for a project’s treasury. Industry experts claim red flags and conflict of interest, but the firm says it’s all a misunderstanding.