Disclosure of DWF Labs: manipulating order books before or during important news events to drive up token prices

The Block revealed the operation mode of market makers and crypto investment company DWF Labs. Shortly after its launch in September 2022, DWF Labs created a promotional platform for potential clients. In the section called "Price Management," the promotional materials stated that the company could manipulate order books before or during important news events to drive token prices up by synchronizing efforts with potential clients' marketing teams.

DWF Labs primarily purchases project tokens through over-the-counter trading at relatively low prices and then announces these purchases on the market, even if they may not be completed later. Additionally, for market-making services, DWF Labs typically offers one-year services that combine market making and over-the-counter trading methods to provide higher return opportunities by setting higher execution prices.

The article also emphasized DWF Labs' rapid expansion in the past 16 months and showcased wealth-related behaviors such as photos of luxury cars owned by company founder Andrei Grachev. DWF Labs claimed to have invested in 470 projects and collaborated with approximately 35% of tokens within the top 1,000 in terms of market capitalization during its short history.