DWF Labs accused of concealing $44M hack from 2022

Market maker DWF Labs is facing allegations that it concealed the theft of at least $44 million in a 2022 hack. An X user posting under the name tanuki42 claimed that in September 2022, a North Korean-linked hacker known as AppleJeus stole the funds, which consisted primarily of USDC and USDT. The user noted that DWF Labs has never publicly addressed the incident. Prominent on-chain analyst ZachXBT reposted the allegation, commenting that it is not surprising that DWF would conceal a $44 million hack.