DWF Labs Posts Significant Losses on Altcoin Investments

Cryptocurrency investment firm DWF Labs is facing losses following the recent disclosure of its secondary market operation wallet address. Over the past month, they have withdrawn approximately $6.43 million from various centralized exchanges to invest in a portfolio of seven altcoins. Currently, six projects are experiencing losses while one has generated profit. This overall move resulted in a deficit of about $850,000, equating to a 13% decline in investment value.