Grachev is actually a self-packaged scammer who once led the OneCoin scam of nearly 4 billion US dollars. DWF LABS has been very popular recently, and has invested in more than 140 tokens in the crypto bear market, including COIN98, dodo, CFX, YGG, etc., including YGG which is still in a climbing stage at this moment. These tokens were rushed through by Lao Lin and his brothers and sisters, but many people have also found that any token that DWF has participated in will experience a sharp rise and fall. What is the origin of this DWF? Let's take a closer look today.

1. The origin and development of DWF Labs:

VRM is the predecessor of DWF Labs.

VRM’s last tweet was published on May 31, 2022, while the DWF Labs domain was registered on May 30, 2022.

2. Andrei Grachev’s background:

Around 2017, Andrei Grachev began to be active in the Russian crypto community. Prior to that, he worked in the logistics industry and was the founder of several closed logistics companies. Grachev claims to be a successful trader and partner of Kripis Blockchain. In 2018, he became the vice president of RACIB. In 2019, he became the head of Huobi Russia. Smart people have already seen that this Grachev is actually a self-packaged scammer. According to multiple data, Grachev has a close relationship with the large Ponzi scheme Onecoin, and the large Ponzi scheme EXP is also controlled by him behind the scenes. Many brothers and sisters know or have played these two large fraud projects, so the founder of DWF is a liar who entered the crypto circle, and his ultimate goal is obvious.

3. In early August 2023, the DeFi cornerstone CRV crisis, the founder could only use over-the-counter transactions to ensure that he would not be liquidated. At that time, DWF Labs collected 1,250 CRVs at a total price of US$5 million to help its founders tide over the difficulties, and agreed not to smash the market within 6 months, and was jokingly called a moral lock-up by netizens in the circle. Sure enough, two months later, Grachev transferred 2 million CRVs to Pi'an.

Summary: DWF is a large-scale leek harvester led by a liar. Brothers and sisters, don’t think that these institutions are so high-end and mysterious. In fact, many institutions are just talking nonsense and hyping information to pull the market and then cut leeks. Don’t have mysterious confidence in these institutions. If you hear that an institution is involved, you will be cut into pieces. If you want to take advantage of the tiger, you must have a high level of cognition and experience to make money in the trend.

This industry is a circle, because information has a great impact on it. If you don't have a circle and can't receive information at all, it's easy to become a leek, and it's hard for a person to stick to it. To put it bluntly, it wins on the information gap. Many people have a feeling that once they enter, they go down sharply, and once they leave, they go up sharply again. This is because the information is not timely.